Coinbase Faces Revenue Decline Amid Crypto Market Turbulence in Q1 2025

Coinbase, one of the leading cryptocurrency exchanges, reported underwhelming financial results for the first quarter of 2025, as macroeconomic challenges and volatile market conditions impacted its performance. The company’s revenue fell short of analyst expectations, highlighting the ongoing struggles in the crypto sector.

Coinbase Q1 Revenue Falls Short Amid Market Volatility

Coinbase reported disappointing first-quarter results as macroeconomic headwinds and crypto market turbulence dented performance. Revenue slid to $2 billion from $2.27 billion in Q4 2022, missing analyst expectations.

The exchange posted earnings of $0.24 per share, far below the $1.93 consensus estimate. Trading volume declined 10% quarter-over-quarter to $393.1 billion, while transaction revenues plummeted 19%. "Market conditions remain challenging," the company acknowledged in its shareholder letter.

Despite Bitcoin’s price recovery to $102,530, Coinbase struggled with decreased retail participation and elevated volatility across digital assets. The results underscore how traditional market uncertainties continue impacting crypto-native businesses.

Rumble Partners with Tether to Launch Non-Custodial Bitcoin Wallet in Q3

Rumble, the video streaming platform, is set to enter the cryptocurrency space with the launch of its non-custodial Bitcoin and stablecoin wallet in the third quarter of 2025. Developed in collaboration with Tether, the issuer of the world’s largest stablecoin, the Rumble Wallet aims to compete directly with established players like Coinbase Wallet.

CEO Chris Pavlovski emphasized the wallet’s focus on empowering content creators, particularly in international markets. While details remain scarce, Pavlovski has positioned the product as a challenger in the non-custodial wallet sector, with ambitions to become the dominant solution for bitcoin and stablecoin transactions.

The MOVE signals growing convergence between social platforms and cryptocurrency infrastructure, as companies seek to monetize creator economies through blockchain technology. Tether’s involvement suggests significant liquidity integration, though technical specifications and regulatory compliance measures have yet to be disclosed.

Rumble Set to Challenge Coinbase with New Crypto Wallet

Rumble, under its pro-crypto CEO, is making a bold entry into the digital asset space with the planned launch of its "Rumble Wallet" in Q3 this year. Developed in partnership with Tether, the wallet will support Bitcoin and stablecoins, positioning itself as a direct competitor to Coinbase Wallet.

The initiative underscores Rumble’s commitment to providing a user-friendly, secure, and freedom-centric alternative for managing crypto assets. This strategic move could disrupt the current wallet landscape, offering a fresh option for traders and holders alike.