<div id="readability-page-1"><div><div>Cryptocurrency trading platform company Coinbase Global COIN reported second-quarter financial results after market close Thursday.Here are the highlights. What Happened: Coinbase reported second-quarter revenue of $1.5 billion, down 26% quarter-over-quarter. The revenue missed a Street consensus estimate of $1.69 billion, according to data from Benzinga Pro.Transaction revenue in the quarter was $764 million, down 39% quarter-over-quarter.Subscription and services revenue was $656 million, down 6% quarter-over-quarter.Trading volume was $237 billion in the quarter, down 40% quarter-over-quarter.Transaction revenue was down year-over-year for both the consumer and institutional segments. The company said crypto spot volume was down 31% globally and 32% in the U.S. year-over-year.The company ended the second quarter with $9.3 billion in USDC USDC/USD and $1.8 billion in crypto assets, which includes weekly Bitcoin BTC/USD purchases.Adjusted earnings per share of 12 cents missed the Street consensus estimate of $1.35.Coinbase said its derivatives trading volume hit all-time highs in the quarter.The company highlighted its growing USDC adoption, Base Chain going live in more places and scaling, the launch of Base APP in open beta with over 700,000 on the waitlist, and various cryptocurrency legislation pieces, including the GENIUS Act, signed into law.&#34;These bills provide a clear regulatory foundation for stablecoins and digital assets, potentially unlocking new opportunities for Coinbase and reinforcing U.S. leadership in digital finance,&#34; the company said.Trading volume by cryptocurrency was:<div><div>Disclosure: 82% of retail CFD accounts lose money</div></div><ul> <li>Bitcoin: 30%</li> <li>Ethereum ETH/USD: 15%</li> <li>Other: 55%</li> </ul>This compares to the first quarter, where Bitcoin was 27%, Ethereum was 11% and XRP Coin XRP/USD was 11%Transaction revenue by cryptocurrency was:<ul> <li>Bitcoin: 34%</li> <li>Ethereum: 12%</li> <li>XRP:13%</li> <li>Other: 41%</li> </ul>This compares to the first quarter when Bitcoin was 26%, Ethereum was 10%, Solana SOL/USD was 10% and XRP was 18%.Read Also: Coinbase Q2 Preview: Can White House Momentum, Bitcoin All-Time Highs Help?What's Next: Coinbase said it expects July transaction revenue to be $360 million.The company is guiding for third-quarter subscription and services revenue to be in the range of $665 million to $745 million, surpassing the levels of the second quarter. The growth is attributed to higher cryptocurrency prices and stablecoin revenue.Coinbase is guiding for higher expenses for the third quarter with higher headcount.&#34;The opportunities for growth have expanded substantially with increased regulatory clarity. We are taking this opportunity to grow headcount in exciting areas we expect to become meaningful in the future, including international expansion,&#34; the company said.COIN Price Action: Coinbase stock is down 5.8% to $356.04 in after-hours trading Thursday versus a 52-week trading range of $142.58 to $444.64.<ul> <li> JPMorgan Partners With Coinbase To Expand Crypto Access For 80M Customers</li> </ul>Photo: Shutterstock</div></div></div>

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Coinbase Global reported Q2 earnings with revenue of $1.5 billion, missing estimates of $1.69 billion, and a 40% decline in trading volume to $237 billion. Adjusted EPS of 12 cents also fell short of the $1.35 estimate. The company highlighted increased USDC adoption and regulatory developments. For Q3, Coinbase expects subscription revenue between $665 million and $745 million, driven by higher crypto prices. However, it anticipates increased expenses due to headcount growth. Following the report, Coinbase's stock fell 5.8% in after-hours trading.

- Coinbase Global COIN reported second-quarter revenue of $1.5 billion, a 26% decline quarter-over-quarter, missing estimates.  
- Transaction revenue fell to $764 million, down 39%, with trading volume at $237 billion, down 40%.  
- The company anticipates July transaction revenue of $360 million and expects third-quarter subscription revenue to exceed second-quarter levels, driven by higher cryptocurrency prices.

Coinbase Q2 Earnings Highlights: Sales, EPS Miss, 40% Slide In Trading Volume