Leading cryptocurrency exchange Coinbase released its financial results for the April-June 2026 period on July 30. The company reported a net loss of $359.5 million, translating to a loss of $1.36 per share, a stark reversal from the previous year's profit of over $1.4 billion ($5.14 per share).
Revenue stood at $1.22 billion, down 14% from the previous year's $1.5 billion and the preceding quarter. The breakdown includes $599 million from trading revenue and $555 million from subscription and services revenue...