Coinbase shares have been sliding downward after missing Q2 earnings expectations.
The company reported net income of $477 million, but this was short of analyst projections of $532 million. Revenue also fell below estimates at $1.16 billion compared to the expected $1.23 billion.
Coinbase's stock price has taken a hit as a result, dropping around 4% in extended trading after the release of its Q2 earnings report.
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