Coinbase Global posted a sharp fourth-quarter revenue decline, reflecting weaker trading activity and ongoing volatility in digital asset markets. The exchange reported earnings of –$2.49 per share, far below the expected $0.96, alongside a net loss of $667 million. The company highlighted progress in diversifying beyond spot trading, yet results underscore how quickly earnings can deteriorate when trading volumes drop and investor risk appetite wanes. https://twitter.com/coinbase/status/2022063081497801051 Trading Slowdown Hits Core Revenue Transaction revenue, the backbone of Coinbase’s business, recorded the steepest decline in the quarter as retail trading cooled amid volatile price swings in major cryptocurrencies. Institutional activity proved



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more