Despite lower metrics in the spot crypto market, Coinbase's earnings report exceeded Wall Street's expectations. The decline in transaction-based revenues was offset by higher-than-expected interest income and blockchain rewards revenues. Coinbase is also operating leaner, with lower total operating expenses. The platform is looking to offer leverage to its users through Coinbase Prime Financing, which offers long and short leverage based on dynamic, risk-based margining. Coinbase's derivatives market has reportedly traded over $5.5 billion in notional contract volumes with over 50 institutions onboarded, and the platform is looking to add more leverage features to keep advanced traders engaged.