Coinbase’s Q2 earnings highlights
- Record Coinbase Crypto Trading Volume Market Share of 10.3%, its third consecutive quarter of gains despite softness in the market
- 14th consecutive quarter of positive Adjusted EBITDA
- Revenue has decoupled from Bitcoin trading fees, 88% of net revenue is non-BTC spot trading
- Prediction markets contracts and revenue grew 106% quarter-over-quarter
- Average USDC Held in Coinbase Products reached an all-time high of $20 billion
Leading crypto platform Coinbase Global, Inc. (Nasdaq: COIN) today announced Q2 financial results, which demonstrated market share gains, revenue diversification, and cost discipline, despite a challenging market. Results also show Coinbase’s success in…
