This Week in Fintech's Podcast Alesia Haas, Coinbase CFO - On Q2 '25 earnings, stablecoins, and Coinbase's growing derivatives business
Jul 31, 2025
Alesia Haas, the CFO of Coinbase, dives into the company’s robust Q2 performance and its bold future. She discusses the substantial growth in stablecoin revenue, highlighting the partnership with Circle that fueled a $332 million influx. Coinbase is making waves in the derivatives market, especially after acquiring Deribit for $2.9 billion, enhancing options trading capabilities. With user-focused innovations like payment APIs for Shopify and the upcoming Base app, Haas outlines how Coinbase is gearing up to revolutionize crypto trading and cross-border payments.
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Coinbase at a Growth Inflection
- Coinbase is at an inflection point with ready customers, advancing technology, and positive regulatory progress.
- The company achieved multiple all-time highs in custody, derivatives trading, USDC market cap, and transaction volume this quarter.
Stablecoin Revenue Sources
- Stablecoin revenue stems mainly from collaboration with Circle and other stablecoins like EuroC.
- Coinbase monetizes stablecoins indirectly through payments, custody, and a varied product suite that creates multiple revenue streams.
Build Payment Solutions Strategically
- Focus on building out crypto payment products targeting the $30 trillion B2B cross-border payment market.
- Develop payment APIs, business accounts, and merchant solutions to drive stablecoin adoption and new user growth.