Coinbase Q2 Revenue Drop 26%, E dey Eye ‘Everything Exchange’
Coinbase report say na dem make $1.5 billion for Q2 revenue, e drop 26% from last quarter as transaction revenue fall 39% to $764 million and subscription and service revenue drop 6% to $656 million because market no too shaky. But stablecoin revenue rise 12% to $332 million, and average USDC balances reach $13.8 billion, show say demand dey for assets wey no dey shake too much. For future, Coinbase dey predict Q3 subscription and services revenue go range between $665–745 million and expect July transaction revenue of $360 million. CEO Brian Armstrong talk say dem go shift to “Everything Exchange,” wey go join decentralized exchanges and launch tokenized US stocks if US regulators approve am. This tokenization move, supported by recent US policy signs, na to diversify services, make long term growth strong, and reduce crypto trading cycles dependence.
Neutral
Coinbase dem Q2 earnings miss and 26% drop in revenue show say trade activity no too strong like before, dat fit make market feeling for big assets short term maybe no too good. But di 12% rise for stablecoin revenue plus CEO Armstrong strategy wey shift reach tokenization and “Everything Exchange” fit mean say long-term support fit still dey if dem diversify how dem dey earn money. All in all, di mixed result plus di new plans wey dem get show say crypto prices fit remain steady as traders dey balance quick volume moves with growth plans.