The exchange highlighted market turbulence related to the imposing of steeper tariffs by President Trump on trade with the U.S.
Robinhood posted $160 million in revenue from crypto-related trading and $989 million in overall revenue, outpacing expectations as acquisitions are reshaping the firm.
Robinhood said that crypto trading volume rose 32% year-over-year to $28 billion in its second-quarter earnings report.
The bitcoin miner said the company posted its highest revenue quarter due to the average price of bitcoin surging 50% during the second quarter.
Robinhood’s crypto expansion and introduction of EU tokenized equities spur a long-term valuation boost, analysts said.
A new accounting rule this year lets companies mark crypto assets to market, benefiting Tesla’s balance sheet.
U.S. President Donald Trump, who ventured into crypto during his presidential campaign last year, earned over $58 million from crypto ventures in 2024. Trump’s mandatory 2025 financial disclosure report filed on Friday detailed his earnings from all businesses between Jan. 1 and Dec. 31, 2024. In the filing, Trump reported employment-related assets worth a minimum […]
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Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million in the same period a year earlier, due to reduced gains on derivatives and warrant revaluations. Bitfarms said in its latest Management’s Discussion and Analysis of the first quarter performance that the lower financial income contributed to […]
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The first-quarter loss is a stark turnaround from the previous quarter, when Sky registered a $31 million profit.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase reported $2 billion in total revenue for the first quarter, compared to $1.6 billion in the first quarter of 2024. Meanwhile, the exchange posted $66 million in net income, compared to $1.2 billion, including unrealized gains of $737 million, during the same period last year. Coinbase reported $930 million in adjusted EBITDA for the […]
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The U.S.-based crypto exchange missed analysts' expected earnings per share by a wide margin, according to its latest filing.
Despite the revenue increases, both companies also registered a net loss with MARA losing $533 million and CleanSpark $139 million.
Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.
Riot Platforms reported record revenue of $161.4 million in the first quarter of 2025, more than doubling its $79.3 million revenue from a year ago, according to its latest earnings report. The Bitcoin (BTC) miner said it continued to scale operations and capitalize on stronger market conditions during the quarter. The Texas-based firm, one of […]
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The brokerage's management team said April generated about $8 billion in crypto volume, which was below the $15 billion monthly average in Q1.
Strategy’s Bitcoin-focused investment operation achieved a year-to-date BTC Yield of 13.7% and a BTC $ gain of $5.8 billion as of April 28, according to its first quarter earnings report. The firm also raised its full-year BTC Yield target from 15% to 25% and increased its BTC gain projection from $10 billion to $15 billion. […]
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The company boosted its BTC Yield target to 25% from 15% and its BTC $ Gain Target to $15 billion from $10 billion.
Tether increased its exposure to US Treasuries by more than $3 billion between quarters while posting a steep year-over-year decline in quarterly profits. According to its latest attestation report published on April 30, Tether’s combined holdings of US Treasury bills, reverse repurchase agreements, and money market funds with Treasury exposure reached approximately $120 billion by […]
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"Our business model is to securitize Bitcoin," Michael Saylor said last month on a webinar hosted by The Block. "We'll just keep buying."
The trading platform’s results could give an indication for Coinbase’s earnings on May 8.
After a 700% surge in Q4 crypto revenue, analysts now expect a pullback in Q1 as trading activity slows.
Revolut's 2024 revenue growth was primarily driven by its wealth division — including crypto trading activity — up 298% to $647 million.
Bithumb reported $110 million in net profits for 2024 as South Korea's second-biggest exchanges eyes an IPO later in 2025.
Galaxy reported profit of $174 million and $365 million for Q4 and the full year of 2024, respectively
Last month, GameStop's CEO posted a photo with Strategy's Michael Saylor, prompting speculation the company could get involved with cryptocurrency.
The company reported strong full-year results, including a significant increase in revenue and non-GAAP net income.
As of Dec. 31, the bitcoin miner had $274.5 million in cash and cash equivalents and bitcoin on its balance sheet.
Coinbase analysts say bitcoin's downturn is due to a lack of positive catalysts and insufficient support at the $80,000-$90,000 range.