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Coinbase Posts $359.5 M Loss Despite Record Trading Share

7/31/2026

32 5 Full Breakdown

Summary

Story summary

Coinbase posted a $359.5 million net loss for the quarter ended June 30, 2026.
Revenue fell to $1.22 billion, down 14% quarter-over-quarter and 19% year-over-year, missing the $1.29 billion forecast.
Coinbase’s share of global crypto trading volume rose to a record 10.3%, up from 9.1%.
Average USDC balances on Coinbase products hit a record $20 billion, over 30% of all USDC.

History

Historical Context

Coinbase, founded in 2012 by Brian Armstrong and Fred Ehrsam, shifted to a remote-first model in May 2020 and filed for a direct Nasdaq listing in early 2021. On April 14 2021 it debuted at $328.28 per share, valuing the firm around $47 billion. Subsequent SEC actions—including a 2022 $1.1 billion quarterly loss and a 2023 lawsuit—have shaped today’s tighter regulatory environment.

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Story summary

Coinbase posted a $359.5 million net loss for the quarter ended June 30, 2026.
Revenue fell to $1.22 billion, down 14% quarter-over-quarter and 19% year-over-year, missing the $1.29 billion forecast.
Coinbase’s share of global crypto trading volume rose to a record 10.3%, up from 9.1%.
Average USDC balances on Coinbase products hit a record $20 billion, over 30% of all USDC.

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