Coinbase reported second-quarter earnings outcomes significantly below consensus forecasts across key metrics, reflecting a volatile period for the cryptocurrency exchange.
Total revenue settled at $1.50 billion, missing the anticipated $1.59 billion benchmark.
The platform’s trading volume came in at $237 billion for the quarter, underperforming against Wall Street’s $252.76 billion estimate.
The dual shortfall highlights unexpected market dynamics impacting one of the industry’s leading trading platforms during Q2.