Coinbase sinks 5% after missing second quarter revenue estimates
The company reported $1.22 billion in overall revenue, down from $1.5 billion in the year prior.
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Summary
- Coinbase reported worse-than-expected second-quarter results after crypto’s Q2 selloff reduced trading activity, with investors focused on whether subscription revenue helped offset weaker transaction fees.
- Shares fell about 5% in after-hours trading.
- Investors will look to Coinbase’s earnings call for updates on guidance, derivatives, prediction markets, Base and other efforts to diversify beyond trading revenue.
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Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
