Coinbase released its Q1 financial report, with net profit plummeting 94% month on month, far below market expectations. Although the total revenue reached $2 billion, due to the impact of floating losses in the asset investment portfolio, only a net profit of $66 million (non adjusted basis) was achieved, with an adjusted net profit of $527 million and earnings per share of $0.24, far below analysts' expectations of $1.93. The spot trading volume for this quarter was $393.1 billion, a decrease