Coinbase’s Q2 earnings hit a rough patch with a $359M net loss and $1.2B in revenue—down 14% from last quarter—reflecting a sluggish crypto market and falling trading volumes. Wall Street’s expectations? Missed for the third straight quarter, after last year’s $1.4B profit. But there’s hope: Coinbase now holds record 10.3% crypto trading market share, and subscription services make up nearly half their revenue—a sign of healthy diversification. CEO remains optimistic, emphasizing growth beyond Bitcoin in areas like prediction markets and stablecoins, while maintaining cost discipline. They’ve also delivered 14 straight quarters of positive adjusted EBITDA, proving resilience beneath the surface.
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