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News Explorer — Coinbase Q2 Revenue Beats Market Estimates at $1.4 Billion

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Aug 1, 10:00 pm
Decrypt

Coinbase Q2 Revenue Beats Market Estimates at $1.4 Billion

Coinbase reported $1.4 billion in revenue and $36 million in net income for the quarter, beating market estimates. While overall revenue was down by 11% due to the dip in crypto prices, Coinbase's business of allowing customers to earn interest on its stablecoin, USD Coin (USDC), helped drive bigger gains. The company also highlighted its progress in achieving regulatory clarity and its efforts to advance crypto legislation.

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