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COIN Surpasses Crypto Trading Volume Share Records Amid Revenue Decline

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Despite facing market declines and macro headwinds, Coinbase Global, Inc. [COIN] achieved an all-time high in crypto trading volume share.

The company reported a 14% quarter-over-quarter revenue decline, but this was offset by increased subscription and services revenue, which accounted for 48% of net revenue.

Cost discipline and share repurchases also supported the company's financial resilience.

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