Coinbase Global, Inc. (COIN) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.496 Good afternoon. My name is Eric and I will be your conference operator today. 00:00:04.496 -- 00:00:09.462 At this time, I would like to welcome everyone to the Coinbase First Quarter 2025 earnings 00:00:09.462 -- 00:00:14.428 call. All lines have been placed on mute to prevent any background noise. 00:00:14.428 -- 00:00:17.652 After the speaker's remarks, there will be a question and answer session. 00:00:17.652 -- 00:00:21.356 If you would like to ask a question during this time, simply press star followed by the 00:00:21.356 -- 00:00:26.002 number one on your telephone keypad. If you'd like to withdraw your question, press star 00:00:26.002 -- 00:00:27.904 one again. Anil 00:00:27.904 -- 00:00:33.664 Gupta, Vice President Investor Relations, you may begin your conference. 00:00:33.767 -- 00:00:37.753 Good afternoon and welcome to the Coinbase first quarter 2025 earnings call. 00:00:37.753 -- 00:00:42.639 Joining me on today's call are Brian Armstrong, co-founder and CEO, Emily Choi, president 00:00:42.639 -- 00:00:48.827 and COO, Alicia Haas, CFO, and Paul Grewal, chief legal officer. 00:00:48.827 -- 00:00:51.931 I hope you've all had the opportunity to read our shareholder letter, which was published 00:00:51.931 -- 00:00:54.908 on our Investor Relations website earlier today. 00:00:54.908 -- 00:00:58.532 Before we get started, I'd like to remind you that during today's call, we may make forward-looking 00:00:58.532 -- 00:01:00.053 statements, 00:01:00.053 -- 00:01:03.057 which may vary materially from actual results. 00:01:03.057 -- 00:01:06.380 Information concerning risks, uncertainties, and other factors that could cause these 00:01:06.380 -- 00:01:09.984 results to differ is included in our SEC filings. 00:01:09.984 -- 00:...