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Coinbase Releases Q2 Earnings Report: Net Profit Reaches $1.43 Billion, Significantly Higher Than the Same Period Last Year, but Trading Revenue Declines 39% Quarter-over-Quarter
BlockBeats News, August 1st, in its latest quarterly financial report, cryptocurrency exchange Coinbase disclosed that the previously exposed user data breach event ultimately resulted in a $307 million loss. The Q2 overall performance is as follows:
· Net profit reached $1.43 billion, far exceeding the $36 million in the same period last year
· Total trading volume was $237 billion, slightly higher than the $226 billion in the same period in 2024
· Compared to the previous quarter, transaction revenue decreased by 39%, with spot trading volume down over 30%
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