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Coinbase shares slip after Q2 results despite stronger trading momentum

Coinbase said 88% of its net revenue now comes from sources other than bitcoin spot trading, underscoring a shift in how it earns revenue as its share of global crypto volume grows, according to The Block.

Reported · Written up by our desk · Market Structure

Coinbase shares fell after the company reported its Q2 results, even as prediction markets cited in the quarter pointed to an expected increase in activity, according to The Block.

The Block reported that Coinbase said 88% of its net revenue now comes from sources other than bitcoin spot trading, highlighting a growing contribution from non-spot bitcoin activity.

The outlet also tied the quarter to trading momentum, noting Coinbase’s growing share of global crypto volume as it navigates a market structure that is moving beyond pure bitcoin spot trading.

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