Coinbase shares fall 5% after Q2 revenue of $1.22 billion misses estimates
Coinbase shares fell approximately 5% in after-hours trading after the crypto platform reported second-quarter revenue of $1.22 billion, missing consensus expectations of $1.29 billion. This figure is also down from $1.5 billion in the prior year. The company's transaction revenue, a major source, was impacted by lower crypto prices, with Bitcoin falling 14% and Ether 25% during Q2.
Source:CoinDesk · Source Link
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