Coinbase's first-quarter revenue declined by 10%, with trading revenue falling by 19%, but subscription and service revenue increased by 9%. The acquisition of Deribit is expected to strengthen Coinbase's position in the derivatives sector.

Coinbase's Q1 earnings showed a 10% decrease in total revenue, with trading revenue dropping 19% but subscription and services revenue increasing by 9%. The acquisition of Deribit is expected to give Coinbase a strong foothold in the derivatives space.

Analysts are optimistic about Coinbase's acquisition of Deribit despite first-quarter losses.