由于加密货币交易所公布的利润和收入弱于预期，Coinbase (COIN) 盘后下跌 4%

由于加密货币交易所公布的利润和收入低于预期，Coinbase (COIN) 股价在周三盘后交易中下跌 4%。

Coinbase (NASDAQ:COIN) shares fell about 4% in after-hours trading on Wednesday after the cryptocurrency exchange reported weaker-than-expected profit and revenue.

加密货币交易所 Coinbase（纳斯达克股票代码：COIN）公布利润和收入低于预期后，其股价周三盘后交易中下跌约 4%。

Here’s how Coinbase performed in the fourth quarter compared to Wall Street consensus:

与华尔街共识相比，Coinbase 在第四季度的表现如下：

Earnings per share: $0.28 vs. $0.41 expected

每股收益：0.28 美元，预期为 0.41 美元

Revenue: $1.21 billion vs. $1.26 billion expected

收入：12.1 亿美元，预期为 12.6 亿美元

Coinbase’s transaction fees dropped by 27% from the previous quarter as trading volumes across U.S. exchanges continued to decline. The company attributed this downturn to challenging market conditions, according to its shareholder letter.

由于美国交易所的交易量持续下降，Coinbase 的交易费用较上一季度下降了 27%。根据其股东信，该公司将这种低迷归因于充满挑战的市场环境。

Also, revenue from Coinbase’s subscription and services—which includes offerings like stablecoins, staking, and leverage for Prime traders—fell by 7%, coming in at $556.1 million.

此外，Coinbase 订阅和服务（包括稳定币、质押和 Prime 交易者杠杆等产品）的收入下降了 7%，为 5.561 亿美元。

In its shareholder letter, the company said, “We are working to drive revenue growth through products like derivatives, international expansion, custody, and deeper integration of USDC into the cryptoeconomy.”

该公司在股东信中表示，“我们正在努力通过衍生品、国际扩张、托管以及 USDC 与加密经济的更深入整合等产品来推动收入增长。”

Not all news was bad for the company, as it showed progress in several areas. Coinbase announced a $1 billion stock buyback program in its earnings, showing confidence in its long-term outlook and returning value to shareholders.

并非所有消息都对该公司不利，因为它在多个领域都取得了进展。 Coinbase 在财报中宣布了 10 亿美元的股票回购计划，显示了对其长期前景和为股东回报价值的信心。

Moreover, stablecoin revenue reached $247 million, reflecting a 3% increase from the previous quarter. The company noted that USDC has been the fastest-growing major USD stablecoin year-to-date, driven by Coinbase’s platform incentives and deeper integration of USDC across its product suite.

此外，稳定币收入达到 2.47 亿美元，环比增长 3%。该公司指出，在 Coinbase 的平台激励措施以及 USDC 在其产品套件中更深入整合的推动下，USDC 已成为今年迄今为止增长最快的主要美元稳定币。

The company also highlighted the increasing role of cryptocurrency in the U.S. presidential election landscape. Following the election, Coinbase showed its support for organizations like Fairshake, one of the largest non-partisan political action committees (PACs). In a post on X, Coinbase co-founder and CEO Brian Armstrong announced an additional $25 million contribution to Fairshake PAC, which will be used to support pro-crypto candidates ahead of the 2026 midterm elections.

该公司还强调了加密货币在美国总统选举格局中日益重要的作用。选举结束后，Coinbase 对 Fairshake 等组织表示支持，Fairshake 是最大的无党派政治行动委员会 (PAC) 之一。在 X 上的一篇帖子中，Coinbase 联合创始人兼首席执行官 Brian Armstrong 宣布向 Fairshake PAC 额外捐款 2500 万美元，该资金将用于在 2026 年中期选举之前支持支持加密货币的候选人。