Coinbase reported Q1 2025 revenue at $2.03B, missing the expected $2.2B, despite Bitcoin's surge towards $100K.Transaction revenue declined due to macro uncertainty and cautious sentiment, impacting trading activity.Coinbase acquired Deribit for $2.9B to expand into crypto derivatives amidst slowing spot trading growth.Coinbase's aggressive expansion and acquisitions aim to secure a stronger position in the evolving cryptocurrency market.