The cryptocurrency exchange Coinbase has published its financial report for the second quarter of 2025, highlighting significant revenue alongside substantial losses due to a hacker attack.
This is reported by Business • Media
Financial Results and Cyberattack Losses
The company’s revenue for Q2 reached $1.5 billion, of which $1.4 billion is net profit. Earnings before interest, taxes, depreciation, and amortization amounted to $512 million, while adjusted net profit was $33 million. Subscription and service revenues increased to $656 million, and Coinbase’s dollar resources reached $9.3 billion.
“Coinbase reported losses from a data breach amounting to $307 million. The statement indicated that the incident occurred after attackers bribed customer support employees outside the U.S. This allowed them to gain access to user data and account management documents.”
The losses from the incident have been clarified in the new report: previously, the estimated loss was $400 million, now it is $307 million. The attack was detected back in May 2025.
Service Development and New Products
The company continues to develop its own products and services. The Base Chain network remains a focal point: over 700,000 users have already registered on the waiting list for the Base App. The average fee on the network has been reduced to $0.0005, and the block time has been shortened to 200 milliseconds. USDC payments through Base are integrated into Shopify Payments.
The stablecoin segment has shown strong growth: for the quarter, revenue amounted to $332 million, and the average amount of USDC held in Coinbase products reached $13.8 billion.
In the institutional sector, the exchange manages over $245 billion in assets. More than 80% of assets from Bitcoin and Ethereum ETFs in the U.S. are held on Coinbase.
In the derivatives space, the company has expanded its offerings by launching 24/7 futures trading for Bitcoin, Ethereum, Solana, and XRP. It has also announced the acquisition of Deribit, a leading exchange for trading crypto options.