Coinbase reported complete income of $1.22 billion for the second quarter of 2026, down 19% 12 months over 12 months and 14% from the earlier quarter, as softer crypto buying and selling exercise weighed on outcomes. Transaction income declined 21% to $599 million through the interval.
The cryptocurrency change posted a internet lack of $359 million, whereas adjusted EBITDA totaled $208 million. Crypto spot buying and selling quantity fell 24% quarter over quarter to $146.4 billion, though Coinbase elevated its share of complete crypto spot buying and selling quantity from 9.1% to a document 10.3%.
Subscriptions and providers introduced in $555 million through the quarter, a 5% decline from a 12 months earlier, and contributed 48% of Coinbase’s internet income. Revenue generated exterior Bitcoin spot buying and selling accounted for 88% of the corporate’s complete income.
Coinbase additionally reported continued development in its prediction markets enterprise, with income rising 106% from the earlier quarter and surpassing $100 million on an annualized foundation. In the meantime, the typical quantity of USDC held throughout Coinbase merchandise reached $20 billion.
Supply: Coinbase (Q2 2026 Update)
