Wu Blockchain (@WuBlockchain): Coinbase Q2 Revenue Falls 14% as Prediction Markets Revenue Jumps 106%
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Coinbase Q2 Revenue Falls 14% as Prediction Markets Revenue Jumps 106% Coinbase reported Q2 2026 total revenue of $1.22 billion, down 19% year over year and 14% quarter over quarter, while transaction revenue fell 21% to $599 million. The company recorded a net loss of $359 million and adjusted EBITDA of $208 million. Crypto spot trading volume declined 24% to $146.4 billion, but Coinbase’s share of total crypto trading volume rose from 9.1% to a record 10.3%. Subscription and services revenue fell 5% to $555 million, representing 48% of net revenue, while revenue outside BTC spot trading accounted for 88%. Prediction markets revenue increased 106% quarter over quarter and exceeded $100 million on an annualized basis. Average USDC held in Coinbase products reached $20 billion.