Coinbase’s total revenue for the first quarter was $2.03 billion, which fell short of expectations

On May 9th, Coinbase’s total revenue for the first quarter was $2.03 billion, with analysts expecting $2.11 billion; Adjusted EBITDA for the first quarter was $929.9 million, with analysts expecting $971.1 million; The transaction revenue for the first quarter was 1.3 billion US dollars, with analysts expecting 1.33 billion US dollars; Subscription and service revenue for the first quarter was 698 million US dollars, with analysts expecting 702.5 million US dollars; Expected subscription and service revenue for the second quarter is between $600 million and $680 million.