Coinbase Posts Loss
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Its passage could make it easier for Coinbase and Robinhood to gain new customers.
Average USDC Held in Coinbase Products reached an all-time high of $20 billion in Q2 2026, more than 30% of all USDC in circulation as of quarter-end. Over the past year, Coinbase has captured approximately 50% of all USDC economics.
Most analysts blamed a weak crypto market for Coinbase's earnings miss, though opinions diverged on when trading activity will recover.
Coinbase reported lower quarterly revenue and a net loss as crypto trading activity declined, while subscription and lending grew.
Coinbase reported $1.22 billion in Q2 2026 revenue, missing Wall Street estimates as weaker crypto trading weighed on results.
Crypto-linked equities are selling off hard Friday morning as Bitcoin (CRYPTO:BTC) slips below $64,000 and a bruising Q2 report from Coinbase (NASDAQ:COIN | COIN Price Prediction) drags the group lower.
The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to end Coinbase Global Inc.’s 2024 lawsuit seeking internal documents on the regulator’s Biden-era crackdown on the cryptocurrency industry.
The debate takes place ahead of a key Senate vote on the CLARITY Act, with disagreements still outstanding on stablecoins, illicit finance rules and ethics provisions.