Coinbase envisions ‘everything exchange’ after 26% dip in Q2 revenue
Main Idea
Coinbase reported a 26% decline in Q2 revenue due to reduced crypto market activity, but highlighted growth in stablecoin-related revenue and plans to develop an 'everything exchange'.
Key Points
1. Coinbase's Q2 2025 revenue fell 26%, with transaction revenue dropping 39% and crypto spot volumes down 32%.
2. Stablecoin-related revenue increased by 12% to $332 million, while subscription and service revenue declined only 6% to $656 million.
3. Coinbase projects Q3 subscription and service revenue to reach $665 million-$745 million.
4. The company's shares dropped 9.28% in after-hours trading following the earnings report.
5. Coinbase plans to launch an 'everything exchange' in the U.S., offering a one-stop platform for trading various assets on-chain, including stocks and prediction markets.
Description
The slowdown in crypto market activity saw Coinbase's transaction volumes fall in the second fiscal quarter.
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