Coinbase shares slip after Q2 results despite prediction markets doubling and record trading market share
The Block·
60-second summary
Coinbase shares are slipping after Q2 results, despite prediction markets doubling and a record trading market share. The company reports 88% of its net revenue now comes from sources other than bitcoin spot trading, highlighting a shift in its business model. This diversification is driving growth, but investors remain cautious about the company's overall performance.
Coinbase said 88% of its net revenue now comes from sources other than bitcoin spot trading, as its share of global crypto volume grows.