MercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% to $417M, vs. $433M est.; MELI drops 5%+ after hours

Coinbase posted lower-than-expected results for the first quarter as crypto prices fell, weighing on one of the companies' major revenue drivers — spot trading in digital assets .