$COIN Coinbase Q2 Earnings
- Revenue $1.22B, est. $1.29B
- Transaction revenue $599.2M, est. $635.1M
- Subscription & services revenue $555.1M, est. $594.4M
- Sees Q3 adjusted expenses $980M to $1.08B
- Sees Q3 transaction expenses in the mid-teens as a percentage of revenue
- Sees Q3 transaction revenue approximately $130M quarter-to-date
- HIT trading volume market share of 10.3%
- CEO: Continued gaining trading volume market share
- Saw Bitcoin ETF outflows in Q2, now stabilized in Q3