Coinbase Reports Surprise Q4 Loss as Crypto Volumes and Revenue Decline
Major U.S. exchange Coinbase swung to a significant quarterly loss (around $667 million or $2.49 per share) in Q4 2025 results released recently, missing Wall Street expectations amid the broader crypto price slump and reduced trading activity. Revenue fell sharply year-over-year, though the company noted some dip-buying by traders and optimism around new features like prediction markets. This reflects the impact of the prolonged bear phase on centralized platforms.