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Coinbase earnings show the company is now much more than just an exchange By Cointelegraph - Modern Digital India
Friday, June 19, 2026
International Investments

Coinbase earnings show the company is now much more than just an exchange By Cointelegraph

By Isabella Margaret
Coinbase earnings show the company is now much more than just an exchange By Cointelegraph
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© Reuters

Coinbase (NASDAQ:), a leading U.S. cryptocurrency exchange, shared its second-quarter results on Aug. 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion.

Coinbase key financial metrics, in millions of dollars. Source: Coinbase

However, the exchange took a hit with a $97 million net loss, worse than its previous quarter, and saw a 32% drop in its adjusted EBITDA to $194 million in Q2.

Coinbase share price (blue, right) vs. crypto total market cap (orange, left). Source: TradingView