Coinbase Global, Inc. (COIN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. My name is Kate and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase second quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to read your question, press star one again. Thank you. Anil Gupta, Vice President, Investor Relations. You may begin your conference. Good afternoon and welcome to the Coinbase Second Quarter 2025 Earnings Call. Joining me on today's call are Brian Armstrong, co-founder and CEO, Emily Choi, President and COO, Alicia Haas, CFO, and Paul Grewal, Chief Legal Officer. I hope you've all had the opportunity to read shareholder letter which was published earlier today on our investor relations website during today's call we may make forward-looking statements which may vary materially from actual results information concerning risks uncertainties and other factors that could cause these results to differ is included in our sec filings our discussion today will also include certain non-gap financial measures reconciliations to the most directly comparable gap financial measures are provided in the shareholder letter on our investor relations website Non-GAAP financial measures should be considered in addition to, not as a substitute for, GAAP measures. We'll start today's call with opening comments from Brian and Alicia, and then take questions from retail shareholders and our research analysts. With that, I'll turn it over to Brian for opening comments. Thanks, Anil. It was another great quarter for Coinbase, and we cont...