Circle plunges! Draft provisions of the CLARITY Act revealed
[With Prizes] The results for the crypto king are about to be released! After a long period of stagnant stock prices, can Coinbase tell a new story?
$Coinbase (COIN.US)$Will release the latest earnings after market close on February 12 (Thursday) Eastern Time.Against the backdrop of Bitcoin's pullback from its peak and cooling market sentiment, the report card of the 'top crypto exchange' will reflect the true state of the market — whether it shows resilience amid headwinds or fatigue with the downward trend. The market is holding its breath in anticipation!
The market expects revenue for Q4 2025 to be $1.846 billion, a year-over-year decline of 18.7%, with a slight quarter-over-quarter drop; net profit is expected to be $289 million, a year-over-year decrease of 77.63%.The key focus is that traditional trading revenue has inevitably declined due to the cooling market, but has the future growth engine that the company is betting on started to roar into action?![$Coinbase (COIN.US)$Will release the latest earnings after market close on February 12 (Thursday) Eastern Time.Against the backdrop of Bitcoin's pullback from its peak and cooling market sentiment, the report card of the 'top crypto exchange' will reflect the true state of the market — whether it shows resilience amid headwinds or fatigue with the downward trend. The market is holding its breath in anticipation![Keep Fighting] [Thinking Face]The market expects revenue for Q4 2025 to be $1.846 billion, a year-over-year decline of 18.7%, with a slight quarter-over-quarter drop; net profit is expected to be $289 million, a year-over-year decrease of 77.63%.The key focus is that traditional trading revenue has inevitably declined due to the cooling market, but has the future growth engine that the company is betting on started to roar into action? 1. Traditional drivers (spot trading) are facing short-term headwinds As the market cools, Q4 spot trading volume is expected to decline significantly year over year, directly affecting the most core revenue source. Fellow investors need to pay attention to management’s outlook on the recovery of retail activity. 2. Can new engines (derivatives and stablecoins) fire on all cylinders? Derivatives 'trump card': The acquisition of Deribit (a derivatives exchange) last August marks this quarter as its first full contribution period. Institutional derivatives revenue is expected to grow significantly. Can this fully offset the weakness in spot trading? Stablecoin 'printing press': The market value and interest income of USDC stablecoin continue to grow, becoming a highly resilient cash cow business. How significant is this 'ballast' this quarter? 3...](https://nnqimage.futunn.com/sns_client_feed/999982/20260211/web-1770802436786-718HtAmlzi.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
1. Traditional drivers (spot trading) are facing short-term headwinds
As the market cools, Q4 spot trading volume is expected to decline significantly year over year, directly affecting the most core revenue source. Fellow investors need to pay attention to management’s outlook on the recovery of retail activity.
2. Can new engines (derivatives and stablecoins) fire on all cylinders?
Derivatives 'trump card': The acquisition of Deribit (a derivatives exchange) last August marks this quarter as its first full contribution period. Institutional derivatives revenue is expected to grow significantly. Can this fully offset the weakness in spot trading?
Stablecoin 'printing press': The market value and interest income of USDC stablecoin continue to grow, becoming a highly resilient cash cow business. How significant is this 'ballast' this quarter?
3. Future Narrative (Full-Spectrum Exchange): Where is the story now?
The Base chain, staking services, and 'Full-Spectrum Exchange' ecosystem that the company is strongly promoting, although currently not accounting for a large portion of revenue, will determine whether it can break through the valuation framework of being a 'mere trading platform.' The guidance on ecosystem construction and regulatory progress discussed during the earnings call could be critical to long-term investor confidence.
![$Coinbase (COIN.US)$Will release the latest earnings after market close on February 12 (Thursday) Eastern Time.Against the backdrop of Bitcoin's pullback from its peak and cooling market sentiment, the report card of the 'top crypto exchange' will reflect the true state of the market — whether it shows resilience amid headwinds or fatigue with the downward trend. The market is holding its breath in anticipation![Keep Fighting] [Thinking Face]The market expects revenue for Q4 2025 to be $1.846 billion, a year-over-year decline of 18.7%, with a slight quarter-over-quarter drop; net profit is expected to be $289 million, a year-over-year decrease of 77.63%.The key focus is that traditional trading revenue has inevitably declined due to the cooling market, but has the future growth engine that the company is betting on started to roar into action? 1. Traditional drivers (spot trading) are facing short-term headwinds As the market cools, Q4 spot trading volume is expected to decline significantly year over year, directly affecting the most core revenue source. Fellow investors need to pay attention to management’s outlook on the recovery of retail activity. 2. Can new engines (derivatives and stablecoins) fire on all cylinders? Derivatives 'trump card': The acquisition of Deribit (a derivatives exchange) last August marks this quarter as its first full contribution period. Institutional derivatives revenue is expected to grow significantly. Can this fully offset the weakness in spot trading? Stablecoin 'printing press': The market value and interest income of USDC stablecoin continue to grow, becoming a highly resilient cash cow business. How significant is this 'ballast' this quarter? 3...](https://nnqimage.futunn.com/sns_client_feed/999982/20260211/web-1770802547353-0yB9PDDfwH.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
The cryptocurrency market experienced a roller-coaster performance at the start of 2026, $Coinbase (COIN.US)$with the stock price undergoing a significant pullback.The latest market data shows that its share price closed at $162.51 on February 10th, down 2.83% for the day, with a decline exceeding 60% from its all-time high in July 2025. This 'fall after fall' pattern has already priced in the market's pessimistic expectations.Following a sharp rebound on February 6th, the stock price has fallen into a volatile pattern over the last two trading sessions, seemingly awaiting key earnings guidance for direction.Will this earnings report mark the turning point of 'all bad news priced in,' or the beginning of 'narrative disproof'?Come and participate in the prize interactive event~
Come and participate in the prize interactive event~🎁【Prize Activity】
🏆Event 1: Guess the Opening Price
Correctly predict $Coinbase (COIN.US)$the opening price range on February 13th at 9:30 AM EST (10:30 PM Beijing Time). Fellow investors who do so will evenly split the prize.10,000 points！
🏆Activity Two: Speak Your Mind 🎯
Do you think $Coinbase (COIN.US)$ Will it withstand the market downturn with business resilience or succumb to the market winter?Share your thoughts in the comment section,Leave a comment (30 words or more) and make it reasonable to qualify for the reward.66 points!
Note: Both Activity One and Activity Two will end at 5:00 AM Beijing Time on February 13; rewards from both activities can be combined, and all rewards will be distributed uniformly after this earnings season concludes.
Crypto leader faces earnings report—how to deploy strategically? ‘Earnings Express’ AI highlights key points; build an options strategy in three steps >>
![$Coinbase (COIN.US)$Will release the latest earnings after market close on February 12 (Thursday) Eastern Time.Against the backdrop of Bitcoin's pullback from its peak and cooling market sentiment, the report card of the 'top crypto exchange' will reflect the true state of the market — whether it shows resilience amid headwinds or fatigue with the downward trend. The market is holding its breath in anticipation![Keep Fighting] [Thinking Face]The market expects revenue for Q4 2025 to be $1.846 billion, a year-over-year decline of 18.7%, with a slight quarter-over-quarter drop; net profit is expected to be $289 million, a year-over-year decrease of 77.63%.The key focus is that traditional trading revenue has inevitably declined due to the cooling market, but has the future growth engine that the company is betting on started to roar into action? 1. Traditional drivers (spot trading) are facing short-term headwinds As the market cools, Q4 spot trading volume is expected to decline significantly year over year, directly affecting the most core revenue source. Fellow investors need to pay attention to management’s outlook on the recovery of retail activity. 2. Can new engines (derivatives and stablecoins) fire on all cylinders? Derivatives 'trump card': The acquisition of Deribit (a derivatives exchange) last August marks this quarter as its first full contribution period. Institutional derivatives revenue is expected to grow significantly. Can this fully offset the weakness in spot trading? Stablecoin 'printing press': The market value and interest income of USDC stablecoin continue to grow, becoming a highly resilient cash cow business. How significant is this 'ballast' this quarter? 3...](https://nnqimage.futunn.com/sns_client_feed/999982/20260211/web-1770807696266-QG4WOUOrHk.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
![$Coinbase (COIN.US)$Will release the latest earnings after market close on February 12 (Thursday) Eastern Time.Against the backdrop of Bitcoin's pullback from its peak and cooling market sentiment, the report card of the 'top crypto exchange' will reflect the true state of the market — whether it shows resilience amid headwinds or fatigue with the downward trend. The market is holding its breath in anticipation![Keep Fighting] [Thinking Face]The market expects revenue for Q4 2025 to be $1.846 billion, a year-over-year decline of 18.7%, with a slight quarter-over-quarter drop; net profit is expected to be $289 million, a year-over-year decrease of 77.63%.The key focus is that traditional trading revenue has inevitably declined due to the cooling market, but has the future growth engine that the company is betting on started to roar into action? 1. Traditional drivers (spot trading) are facing short-term headwinds As the market cools, Q4 spot trading volume is expected to decline significantly year over year, directly affecting the most core revenue source. Fellow investors need to pay attention to management’s outlook on the recovery of retail activity. 2. Can new engines (derivatives and stablecoins) fire on all cylinders? Derivatives 'trump card': The acquisition of Deribit (a derivatives exchange) last August marks this quarter as its first full contribution period. Institutional derivatives revenue is expected to grow significantly. Can this fully offset the weakness in spot trading? Stablecoin 'printing press': The market value and interest income of USDC stablecoin continue to grow, becoming a highly resilient cash cow business. How significant is this 'ballast' this quarter? 3...](https://nnqimage.futunn.com/sns_client_feed/999982/20260211/web-1770807695957-EpbAP8piuM.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
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