Coinbase stock fell 5.12% to $155.20 in premarket trading after the exchange reported second-quarter results. Revenue reached $1.22 billion, missing the $1.29 billion estimate and falling 18.5% yearly. 

Coinbase also posted a $359 million net loss. Meanwhile, Bitcoin price slipped 1.34% to $63,655, while the crypto market declined 1.11% to $2.18 trillion. The declines added pressure before Friday’s opening bell.

Coinbase Stock Falls After Q2 Earnings Miss and Trading Slowdown

Coinbase reported that its second-quarter revenue was $1.22 billion, which was lower than the expected revenue of Wall Street, which was $1.29 billion. The decrease in revenue was 14% per quarter with the trading in digital assets becoming weak in key…