Coinbase Misses Q2 Revenue Estimates, Gains Access to Restricted AI
Coinbase (COIN) reported its Q2 2024 revenue, which came in at $1.22B, missing analysts' expectations of $1.29B.
This was a decline from the same period last year when Coinbase generated $1.50B in revenue.
Despite this revenue miss, shares of COIN rose modestly intraday after the report.
Coinbase has also gained access to Anthropic's restricted Mythos frontier AI in June for supporting cybersecurity testing and bolstering internal security and defensive capabilities.