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Home›Crypto›Market Structure›Coinbase shares slip after Q2 results as trading mix s…

Coinbase shares slip after Q2 results as trading mix shifts

Coinbase said 88.0% of net revenue now comes from sources other than bitcoin spot trading, while its share of global crypto volume continues to grow, The Block reports.

Reported · Written up by our desk · Market Structure

Coinbase shares fell after the company reported its second quarter results, even as prediction markets doubled and it maintained a record trading market share, according to The Block.

The Block reports that Coinbase said 88.0% of its net revenue now comes from sources other than bitcoin spot trading, underscoring a shift in how the exchange earns revenue.

The outlet also noted that Coinbase’s share of global crypto volume continues to rise, pointing to growing activity beyond bitcoin spot markets.

Latest closeBitcoin $84,310.25 ▼0.1%

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Sources

The BlockCoinbase shares slip after Q2 results despite prediction markets doubling and record trading market share

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