Coinbase reported $1.22 billion in revenue for Q2 2026, missing expectations due to a 21% drop in transaction revenue amid weaker crypto market activity. Bitcoin transactions now represent only 12% of revenue, down from over half previously. The company is pivoting from relying on trading to building a diversified platform with subscriptions, stablecoins, prediction markets, and other financial products to drive growth. Despite gaining market share, Coinbase's new business lines are not yet large enough to offset trading declines, but management remains focused on expanding custody and stablecoin services as a foundation for long-term customer retention and recurring revenue. Regulatory clarity remains a key factor for future growth.
Artem Voinov, Chief Business Development Officer at ICODA, will attend Blockchain Rio 2026, Latin America's largest blockchain conference, held August 12–13 in Rio de Janeiro. The event gathers regulators, financial institutions, and Web3 leaders, em...
The State Street Financial Select Sector SPDR ETF (XLF) reached a new all-time high of $57.33, reflecting a shift of investor money from tech stocks to financials. Key fintech and payment companies like Coinbase, Block, and PayPal showed strong gains...
Crypto stocks MicroStrategy (MSTR), Circle (CRCL), and Coinbase (COIN) are showing soft, sideways trading as investors await their upcoming earnings reports—MSTR and COIN report on Thursday, while CRCL reports on August 5. The market is cautious, wit...
Coinbase CEO Brian Armstrong criticized crypto firms shifting focus solely to AI, emphasizing that crypto is foundational infrastructure like electricity or the internet. He argued that AI and crypto are complementary, with AI agents requiring crypto...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
