The company missed big on both earnings and revenue this quarter. The cryptocurrency exchange, which has seen two significant price increases this week as the Trump administration's digital asset policy takes form, announced a collaboration with JPMorgan on Wednesday. It's shares fell after its Quarter two results release fell short on several measures.
Source: X
Coinbase Q2 Earnings revenue of $1.5 billion was less than the $1.56 billion to $1.59 billion experts had predicted. Even though net income was $1.4 billion, adjusted net income which does not include investment gains was just $33 million. Stablecoin revenue rose 12% to $333 million. With a profit of just $0.12 per share, far less than the $1.49 per share experts had predicted, non-GAAP revenue was especially poor. Results were significantly impacted by a steep decline in transaction income brought on by a decline in spot cryptocurrency trading volumes.
Source: Yahoo Finance
As per data, Yesterday, the share concluded at $377.76. When the Coinbase Q2 Earnings report was released, it fell more than 9% overnight.
The company's future forecast includes Subscription & Services revenue growth of $665-$745M, transaction revenue of around $360M in July, tech and G&A expenses of $800-$850M, and sales and marketing expenses of $190-$290M.
The company announces its partnership with PNC Bank as the Quarter two reports go public. “We are excited about our new partnership with PNCBank, which aims to introduce new people onchain and anticipate other banks to follow suit.” posted by Emilie Choi, President and COO.
According to a CNBC report, Coinbase plans to expand its core trading app beyond crypto, offering tokenized real-world assets, stocks, derivatives, prediction markets, and early-stage token sales. The new offerings will be first available to U.S. users, followed by a gradual international rollout based on jurisdictional approvals.
Source: X Profile
He stated, "We're creating an exchange for everything." "Everything you wish to trade, on-chain, in a one-stop store... All assets, including stocks and prediction markets, will be included in the chain. We are laying the groundwork for a more rapid, accessible, and international economy. The statement came after the Coinbase Q2 Earnings report news
Source: X
In the second quarter, the company's total Bitcoin holdings increased by 2509BTC. Brain Armstrong claims that the company is totally dedicated to buying more Bitcoin.
Coinbase has secured a MiCA license in Luxembourg and expanded across 30 EEA states, marking significant regulatory milestones in the industry. The GENIUS Act, the first US federal legislation for digital assets, was signed into law, while the CLARITY Act established a framework for stablecoins and tokenized assets.
The CEO highlighted significant progress in Quarter two in crypto adoption across investment, financial services, and app platforms, stating that the company is strengthening its position with new regulatory clarity.
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