Coinbase Shares Fall Despite Stronger Subscription Revenue
Coinbase’s second-quarter revenue fell short of analyst estimates, causing a decline in the company’s shares. The exchange earned $1.43 billion, or $5.14 per share, in the quarter ended June 30, up from $36.13 million and 14 cents per share last year. Revenue rose slightly to $1.5 billion but missed expectations of $1.6 billion. Weaker trading … Read more