Coinbase Global Inc., the largest US crypto exchange, saw its shares fall after reporting lower-than-expected revenue for the second quarter. The company generated $1.5 billion in revenue, a 3.3% increase from the same period last year. However, this was below analysts’ estimates of $1.59 billion.
The drop in revenue can be attributed to reduced market volatility, which led to lower trading volumes and decreased prices for cryptocurrencies. Despite this, Coinbase’s net income jumped to $1.43 billion due to an unrealized gain on the value of its crypto holdings and strategic investments, including a minority stake in Circle Internet Group Inc.
This downward trend is a concern for investors, as it may indicate slower growth for the company. The cryptocurrency market remains volatile, but lower volumes could continue to impact Coinbase’s performance in the coming quarters.
Source: https://www.bloomberg.com/news/articles/2025-07-31/coinbase-falls-after-2nd-qtr-revenue-is-less-than-forecast