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Crypto

Coinbase Global Misses Q2 Estimates Amid Crypto Market Uncertainty

Guavy AI Editorial Team
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Coinbase Global reported its second-quarter earnings on Thursday, missing analysts' consensus estimates by $0.95 per share.

The cryptocurrency exchange's quarterly loss came in at ($1.36) EPS, while revenue was $1.22 billion, slightly below the expected $1.29 billion.

Despite the disappointing results, Coinbase's management highlighted several positives during their conference call, including the renewal of its Circle partnership and continued revenue diversification through new products such as prediction markets and perpetual futures.

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