Coinbase (COIN): FY25 Q1 earnings call, May 8, 2025
On its May 8, 2025 earnings call (FY25 Q1), Coinbase said 13 of the 15 words Kalshi listed; Parrot’s count agreed with 14 of 15 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
15 words · 13 settled yes · our count agreed on 14 of 15- Kalshi: company speakers
Kalshi
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Institution / Institutional | Yes | 18 | 20 | ✓ | 90%transcripts from the transcript model | – |
| Stablecoin | Yes | 16 | 17 | ✓ | 94%transcripts from the transcript model | – |
| International | Yes | 9 | 10 | ✓ | 85%transcripts from the transcript model | – |
| Regulator / Regulatory / Regulation | Yes | 8 | 9 | ✓ | 93%transcripts from the transcript model | – |
| Custodial / Custody | Yes | 8 | 8 | ✓ | 88%transcripts from the transcript model | – |
| Trading volume | Yes | 7 | 7 | ✓ | 91%transcripts from the transcript model | – |
| Bitcoin | Yes | 6 | 6 | ✓ | 86%transcripts from the transcript model | – |
| Margin | Yes | 4 | 4 | ✓ | 66%transcripts from the transcript model | – |
| Subscription | Yes | 3 | 3 | ✓ | 87%transcripts from the transcript model | – |
| SEC / Securities and Exchange Commission | Yes | 2 | 2 | ✓ | 87%transcripts from the transcript model | – |
| Blockchain | Yes | 2 | 2 | ✓ | 79%transcripts from the transcript model | – |
| Staking / Stake | Yes | 1 | 1 | ✓ | 81%transcripts from the transcript model | – |
| Decentralized Exchange / DEX | Yes | 0 | 0 | ✗ | 55%transcripts from the transcript model | – |
| Web3 | No | 0 | 0 | ✓ | 44%transcripts from the transcript model | – |
| Crypto winter | No | 0 | 0 | ✓ | 15%transcripts from the transcript model | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 15:46 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
17 matches for “Stablecoin”; 5 quoted, at least 25 words apart.
…strides across our stretch goal to make USDC the number one dollar stablecoin as well. In fact, USDC hit a market cap all time high…
…USDC balances on our platform result in durable revenue for Coinbase. Base stablecoin balances reached $4 billion in Q1, up 12% quarter-over-quarter. This was also…
…crypto adoption and some more emerging products. So first, under this section, stablecoin payments have seen enormous growth lately, and we’ve started to build a…
…bank partners around the world, we think we’re well positioned to power stablecoin payments for many businesses. This quarter, we also expanded our on chain…
…also saw bipartisan legislation advance in Congress, building clearer frameworks for both stablecoins and crypto market structure. We've been meeting regularly with members on both…
Where the listed words were said
…all the products we build across multiple customer groups, including regional businesses, institutions and developers, and serving these multiple customer groups has the potential to…
…the negotiation. We think there will be another vote next week on stablecoin so we're very excited about that progress. The dismissal of the SEC…
…still early, this is a significant market share increase driven by our international exchange where we saw our perps market share increase by over 60%.…
…continue to be focused there, executing at a rapid pace. With growing regulatory clarity, we believe crypto rails are poised to power an increasing share…
…which is pretty difficult to replicate. So everything from how do you custody crypto securely with data centers around the world, how do you integrate…
…trading was down 13% with Coinbase outperforming at down 10%. Our consumer trading volume was $78 billion, down 17%. Consumer transaction revenue declined 19%, and…
…This quarter, we bought about $150 million of new crypto investments, predominantly Bitcoin. The fair market value of this investment portfolio as of the end…
…and Coinbase products. And so we have about $26 million in net margin in USDC revenue on products in our platform. And then full margin,…
…makers and liquidity providers, which tend to have lower fee rates. Our subscription and services revenue grew 9%, and we saw an all-time high of…
…factors that could cause these results to differ is included in our SEC filings. Our discussion today will also include certain non-GAAP financial measures. Reconciliations…
…in Q2 compared to their Q1 averages. These price declines impact our blockchain rewards and other subscription and services revenue lines. We expect technology and…
…the transaction processing and handling the scale of it, making that timely staking rewards, et cetera, etcetera. So these are all hard problems to solve…
Agents: this page as TSV at /api/v1/appearances/coinbase:2025-05-08:earnings_call · words: /api/v1/brief?appearance=coinbase:2025-05-08:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP