Will Coinbase's Subscription & Services Revenues Fuel its Top Line?

Key Takeaways COIN's subscription and services revenues rose to 36% of net revenues in Q1 2025, up from 32% a year ago. Stablecoin income, Coinbase One, and custody services are key drivers of this expanding revenue stream. COIN expects $600M to $680M in Q2 2025 subscription and services revenues despite blockchain reward declines.Coinbase Global Inc. (COIN) is steadily expanding its subscriptions and services revenues to diversify income and enhance business resilience. Transaction revenues continue to b ...