Leverage Shares 2X Long COIN Daily ETF

$Coinbase(COIN.US) Is there any growth left in the company? Missing the numbers quarter after quarter.

COIN 2Q26 First Take: Crypto stayed under pressure in Q2 on higher-for-longer rate expectations, geopolitical frictions, and Strategy’s selling, with a sharp pullback in Jun. In this backdrop, results are unlikely to be strong. Some sentiment-driven de-rating likely occurred ahead of the print.

Beyond macro, the slow progress on the CLARIFY Act also weighed on sentiment. It remains stuck awaiting a Senate floor vote. With the Aug recess and midterms ahead, passage this year looks unlikely, removing a key catalyst for Coinbase.

1) Trading kept sliding: trading revenue fell 19% YoY. The company did not disclose legacy trading volume metrics this quarter, but Coinbase spot volumes declined sharply YoY and QoQ, in line with the broader market. That said, management’s disclosed market share metric continued to rise.

2) Subscriptions also lagged, with soft guidance: non-trading subscription revenue is driven by stablecoin income, staking income, Base chain revenue, and interest income. Q2 came in at $560 mn (-12% YoY, -5% QoQ). The mix is smoother than trading but still weakened.

By line item, stablecoin income largely tracked USDC market cap. Staking was hit by a double whammy of lower token market caps and yields, posting a steep decline. Only custody fees and Base chain revenue were relatively stable (+4% QoQ, -5% YoY).

For Q3, management guides subscription revenue to be flat QoQ and below Street expectations. This implies a slower near-term recovery in USDC expansion as well as in ETH/SOL prices and staking yields.

3) Continued increase in stablecoin holdings: the stablecoin market also shrank in Q2 amid the crypto slump and the CLARIFY overhang. USDC market cap fell to $73.5 bn (-5% QoQ), with more pronounced swings than USDT. This likely reflects USDT’s broader use cases, including commerce payments, and a higher non-US user base, making it less sensitive to rates and CLARIFY timing.

Coinbase kept adding exposure, with average platform-held and custodied USDC at $20 bn, 26% of circulating supply, up from 25% in Q1. The company has renewed its partnership with Circle. Both sides remain tightly aligned as ecosystem partners.

4) Core profit turned negative: with revenue under pressure and relatively sticky opex, margins compressed. Despite cost controls, severance, consolidating Deribit, and new product investments drove R&D up 22%. As a result, gross profit less operating expenses turned negative in the quarter.

5) Buybacks slowed: Coinbase repurchased $81 mn in Q2 (810k shares at an avg. $148.94), largely during the Jun selloff. That compares with ~ $1.1 bn in Q1, effectively slamming the brakes. $Coinbase(COIN.US)

$Coinbase(COIN.US) a rung of the trade shares ladder sold for good profit. I still own shares and have a no green to red stop.

Source: Sunrise Trader

All of these popular retail stocks are currently up double digits or more today 🔥

$Coinbase(COIN.US) finally out of the choppy base gap up today should hold any pullbacks.

Source: Sunrise Trader

Some news on clarity act. Even $Coinbase(COIN.US) and $Circle(CRCL.US) are going up. COIN has a strong support at 170, ok ish resistance at 180. If it can clear 100ma, we may have a trade.

$Coinbase(COIN.US) underwater on this one. Stop not hit. See what next week brings.

Source: Sunrise Trader

$Coinbase(COIN.US) | Compass Point reiterates 𝐒𝐞𝐥𝐥 on 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟒𝟎

Took my paydays $Oracle(ORCL.US) and $Coinbase(COIN.US) for great payday. I now settle into the full swings with cushion.

Source: Sunrise Trader

$Circle(CRCL.US) | Compass Point reiterates 𝐍𝐞𝐮𝐭𝐫𝐚𝐥 on 𝐂𝐢𝐫𝐜𝐥𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐆𝐫𝐨𝐮𝐩, 𝐫𝐚𝐢𝐬𝐞𝐬 𝐏𝐓 𝐭𝐨 $𝟔𝟐, 'we remain cautious'

$Coinbase(COIN.US) | BTIG reiterates 𝐁𝐮𝐲 on 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞, 𝐜𝐮𝐭𝐬 𝐏𝐓 𝐭𝐨 $𝟐𝟔𝟎 𝐟𝐫𝐨𝐦 $𝟐𝟖𝟎

Trump Responds to Whether "Trump Account" Includes $Grayscale Bitcoin Mini Trust ETF(BTC.US) Bitcoin: It Could Happen - Reuters - $Strategy(MSTR.US) $Coinbase(COIN.US) $Robinhood(HOOD.US)

Coinbase will soar! It is the best stock right now in the market to invest

$Coinbase(COIN.US) | Rosenblatt reiterates 𝐁𝐮𝐲 on 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞, maintains 𝐏𝐓 𝐚𝐭 $𝟐𝟒𝟎

$Coinbase(COIN.US) | Barclays reiterates 𝐔𝐧𝐝𝐞𝐫𝐰𝐞𝐢𝐠𝐡𝐭 on 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟎𝟕

$Coinbase(COIN.US) | BTIG 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧𝐬 𝐁𝐮𝐲 on 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞, 𝐏𝐓 𝐚𝐭 $𝟐𝟖𝟎