CoinDesk·3 min read·medium
Coinbase sinks 5% after missing second quarter revenue estimates
H
Helene Braun
✦AI Summary
Coinbase shares fell 5% after the company reported second-quarter revenue of $1.22 billion, missing analyst expectations of $1.29 billion. The decline is attributed to reduced trading volumes and volatility in the broader cryptocurrency market during the quarter.
The company had revenue of $1.22 billion, versus consensus expectations of $1.29 billion. Transaction revenue came in at $599 million, compared with expectations of $628 million.
businesscryptoeconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in