Coinbase Revenue Plummets 14% as Crypto Market Weakens

Coinbase reported a revenue drop of 14% in the second quarter of 2026, marking three consecutive quarters of declining revenue.

The company's total revenue reached $1.22 billion in the April-June period, down from the previous quarter.

This decline in revenue has led to a net loss of $359.5 million for Coinbase in the second quarter of 2026.

The biggest pressure on Coinbase came from transaction revenue, which fell 21% quarter-on-quarter to $599.2 million.