{"id":13229,"date":"2025-06-30T14:29:58","date_gmt":"2025-06-30T07:29:58","guid":{"rendered":"https:\/\/www.nanovest.io/blog\/?p=13229"},"modified":"2025-06-30T16:28:34","modified_gmt":"2025-06-30T09:28:34","slug":"laba-coinbase-turun-tajam-tapi-volume-transaksi-dan-akuisisi-deribit-dorong-optimisme-market","status":"publish","type":"post","link":"https:\/\/www.nanovest.io/blog\/berita\/laba-coinbase-turun-tajam-tapi-volume-transaksi-dan-akuisisi-deribit-dorong-optimisme-market-13229\/","title":{"rendered":"Laba Coinbase Turun Tajam, tapi Volume Transaksi dan Akuisisi Deribit Dorong Optimisme Market"},"content":{"rendered":"<p>Coinbase Global Inc., Crypto Exchange terbesar di Amerika Serikat, mencatat lonjakan pendapatan sebesar 24% secara tahunan pada kuartal pertama 2025, mencapai $2 miliar.\u00a0<\/p>\n<p>Namun, laba bersih perusahaan justru anjlok 94% menjadi hanya $66 juta, di tengah fluktuasi harga kripto yang ekstrem dan penyesuaian valuasi aset digital yang dimilikinya.<\/p>\n<p>Dalam pernyataan resmi yang dirilis Kamis (waktu setempat),\u00a0<a href=\"https:\/\/news.nanovest.io\/coinbase\/coinbase-rilis-kontrak-berjangka-xrp-di-tengah-lonjakan-minat-derivatif-kripto\">Coinbase<\/a> menjelaskan bahwa pelemahan laba terutama disebabkan oleh penyesuaian nilai pasar (<em>mark<\/em>&#8211;<em>to<\/em>&#8211;<em>market<\/em>) atas kepemilikan kripto mereka.\u00a0<\/p>\n<p>Meskipun demikian, perusahaan tetap mencatat kuartal dengan jumlah pengguna aktif bulanan tertinggi kedua dalam sejarahnya.<\/p>\n<p>> \u201cKami sedang membangun utilitas nyata di ekosistem kami,\u201d kata CFO Coinbase, Alesia Haas.\u00a0<br \/>\n><br \/>\n> \u201cBanyak pengguna kini tak sekadar berdagang, tetapi juga memanfaatkan layanan seperti staking dan stablecoin.\u201d<\/p>\n<p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Daftar Isi <\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.nanovest.io/blog\/berita\/laba-coinbase-turun-tajam-tapi-volume-transaksi-dan-akuisisi-deribit-dorong-optimisme-market-13229\/#Akuisisi_Deribit_Langkah_Strategis_ke_Derivatif\" >Akuisisi Deribit: Langkah Strategis ke Derivatif<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.nanovest.io/blog\/berita\/laba-coinbase-turun-tajam-tapi-volume-transaksi-dan-akuisisi-deribit-dorong-optimisme-market-13229\/#Terobosan_Baru_Pembayaran\" >Terobosan Baru: Pembayaran<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.nanovest.io/blog\/berita\/laba-coinbase-turun-tajam-tapi-volume-transaksi-dan-akuisisi-deribit-dorong-optimisme-market-13229\/#Sentimen\" >Sentimen<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Akuisisi_Deribit_Langkah_Strategis_ke_Derivatif\"><\/span><strong>Akuisisi Deribit: Langkah Strategis ke Derivatif<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/p>\n<p>Salah satu manuver terbesar Coinbase tahun ini adalah akuisisi Deribit,\u00a0<em>platform<\/em>\u00a0derivatif Bitcoin dan Ether terbesar di dunia senilai $2.9 miliar. Kesepakatan ini menjadikan akuisisi tersebut sebagai yang terbesar sepanjang sejarah industri kripto.<\/p>\n<p>\u201cIni adalah akuisisi A+ bagi COIN,\u201d tulis Analis Cantor, Brett Knoblauch, dalam catatannya kepada investor.<\/p>\n<p>Deribit mencatat volume\u00a0<em>trading<\/em> nyaris dua kali lipat pada 2024, mencapai hampir $1.2 triliun, menjadikan derivatif\u00a0<em>market<\/em> sebagai area pertumbuhan strategis baru bagi Coinbase di tengah dinamika industri yang cepat berubah.<\/p>\n<p><h3><span class=\"ez-toc-section\" id=\"Terobosan_Baru_Pembayaran\"><\/span><strong>Terobosan Baru: Pembayaran<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u00a0<em><strong>Stablecoin<\/strong><\/em>\u00a0<strong>untuk Bisnis<\/strong><\/p>\n<p>CEO Coinbase, Brian Armstrong, juga mengumumkan peluncuran program percontohan yang memungkinkan bisnis melakukan pembayaran dan distribusi dana menggunakan\u00a0<em>stablecoin<\/em>, dimulai pada kuartal kedua ini.<\/p>\n<p>Namun, langkah ini bertepatan dengan blokade legislasi\u00a0<em>stablecoin<\/em>\u00a0oleh Senat AS, yang menunda kerangka hukum yang dinanti-nantikan. Kekhawatiran atas keterlibatan Presiden Trump dalam industri kripto disebut sebagai salah satu alasan utama stagnasi legislasi tersebut.<\/p>\n<p>### <em><strong>Outlook<\/strong><\/em>\u00a0<strong>dan Pendapatan Langganan<\/strong><\/p>\n<p><a href=\"https:\/\/news.nanovest.io\/coinbase\/coinbase-luncurkan-trading-futures-btc-dan-eth-24-7-di-as\">Coinbase<\/a> memproyeksikan pendapatan langganan dan layanan di kuartal kedua akan berada di kisaran $600 juta\u2013$680 juta, dengan pendapatan dari\u00a0<em>stablecoin<\/em>\u00a0diperkirakan naik meskipun insentif\u00a0<em>blockchain<\/em>\u00a0menurun akibat turunnya harga aset.<\/p>\n<p>Dari sisi\u00a0<em>stablecoin<\/em>, Coinbase menerima bagian pendapatan dari USDC milik Circle, yang meningkat 32% secara kuartalan menjadi $298 juta. Namun pertumbuhan ini sebagian teredam oleh penurunan suku bunga rata-rata.<\/p>\n<p><h3><span class=\"ez-toc-section\" id=\"Sentimen\"><\/span><strong>Sentimen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u00a0<em><strong>Market<\/strong><\/em> <strong>Mulai Pulih<\/strong><\/p>\n<p>Meski kinerja saham Coinbase turun 17% sejak awal tahun, sebagian Analis tetap optimistis.\u00a0<\/p>\n<p>Menurut Owen Lau dari Oppenheimer &#038; Co.,\u00a0<em>Crypto Market<\/em> menunjukkan tanda pemulihan pada akhir April setelah sempat tertekan oleh isu tarif global.<\/p>\n<p>> \u201cAwal April masih lemah, tetapi dua minggu terakhir mulai pulih,\u201d ujarnya.<\/p>\n<p>Dengan akuisisi strategis dan ekspansi produk yang agresif, Coinbase tampaknya ingin membuktikan bahwa mereka tak hanya bergantung pada sentimen investor, tapi juga membangun fondasi bisnis jangka panjang yang lebih beragam.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pendapatan Coinbase naik 24% namun laba bersih anjlok. Akuisisi terbesar industri kripto dan pertumbuhan stablecoin jadi andalan perusahaan hadapi tekanan regulasi dan harga.<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80],"tags":[128],"class_list":["post-13229","post","type-post","status-publish","format-standard","category-berita","tag-coinbase"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Pendapatan Coinbase naik 24% namun laba bersih anjlok. 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