Coinbase's total revenue in the second quarter is $1.45 billion, exceeding expectations

Odaily News According to FactSet data, Coinbase's total revenue in the second quarter was $1.45 billion, exceeding Wall Street expectations, with the average expectation of Wall Street analysts being about $1.4 billion. Coinbase's adjusted Ebitda in the second quarter was $596 million, lower than the general expectation of $607.7 million. The financial report shows that Coinbase's largest source of income is transaction fees, which fell 27% from the previous quarter and trading volume fell 28%. One of the highlights of the exchange in the second quarter was that subscription and service revenue increased by 17% from the previous quarter. Within minutes of the report being released, Coinbase's stock price rose by about 2%, trading at about $212.5, and has risen by about 48% since the beginning of the year.