Coinbase Q2 revenue surpasses estimates, hits $1.45 billion

IconCryptoNewsTerminal Staff01 Aug, 2024

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Coinbase Q2 revenue surpasses estimates, hits $1.45 billion

Coinbase, the leading cryptocurrency exchange, has reported strong Q2 results, with revenue exceeding analyst estimates. Coinbase's revenue for the quarter came in at $1.45 billion, surpassing estimates of $1.39 billion. This represents a significant increase from the previous quarter, where revenue was $1.16 billion. The company attributed the growth in revenue to an increase in trading volume, as well as the launch of new products and services. Coinbase has been actively expanding its offerings in recent months, including the launch of a new NFT marketplace and the addition of support for more cryptocurrencies. The strong Q2 results are a positive sign for Coinbase, as the company looks to continue its growth in the rapidly evolving cryptocurrency market.

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