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Coinbase’s stock tumbled 8.4% after hours as its Q2 earnings fell short of analyst expectations. The crypto exchange reported lower-than-expected revenue and trading volumes, though it bolstered its Bitcoin holdings.
- Coinbase increased its Bitcoin holdings by $222 million in Q2, bringing its total crypto investment portfolio to $1.8 billion.
- The exchange incurred $307 million in costs related to a May 2025 data theft incident, impacting quarterly results.
- Coinbase plans to introduce tokenized equities on its platform, though specifics on timing and structure were not disclosed.
📎 Related coverage from: cryptoslate.com