Coinbase Suffers $360 Million Loss in Q2 Amid Downturn
Coinbase posted a net loss of $360 million in Q2 2026, a sharp decline from its profit of $1.4 billion in the same period last year.
The company's revenue fell to $1.22 billion, a 19% decrease from the previous quarter.
Despite this financial downturn, Coinbase strengthened its position in cryptocurrency trading, increasing its share of the market to 10.3%, a new all-time high for the company.