đŸ—£Coinbase’s ‘Solid’ Q2 Earnings Face Challenges from Low Volume and Fed Headwinds
Coinbase reported better-than-expected Q2 earnings with a total revenue of $1.45 billion, but transaction fee revenue fell by 27% due to lower trading volumes. Analysts characterized the earnings as solid but warned that revenue could decline further in Q3 if the trend continues.
The company remains optimistic about its other ventures, such as derivatives products and the Coinbase Wallet, despite expected high operating expenses and potential Federal Reserve interest rate cuts impacting performance.
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