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Coinbase Revenue Slips Amid Crypto Downturn | Bitcoin and Crypto News
Description
Coinbase’s Q2 earnings missed expectations as trading revenue slumped due to crypto market weakness, but growth in subscription services like staking and stablecoin interest offers a glimmer of hope. CEO Brian Armstrong touts record trading share and new ventures like Base and prediction markets as the future, while CFO Alesia Haas admits tough conditions led to a 14% revenue drop. Investors are watching closely to see if diversification can stabilize the business ahead of their big earnings call.
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