Coinbase Posts Strong Q2 Results with $1.22B Revenue, Net Loss Widens to $359M

Coinbase reported its Q2 results, showing total revenue of $1.22 billion and adjusted EBITDA of $207.8 million, while reporting a net loss of $359.5 million for the quarter.

The firm highlighted continued market-share gains across spot and derivatives and maintained positive adjusted EBITDA for the 14th consecutive quarter.

Coinbase's subscription & services revenue was $555.1 million, representing 48% of net revenue, and transaction revenue was $599.2 million.