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Coinbase posts growing revenue and usage in first report as a public company

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Coinbase saw revenue surge in a volatile quarter that it said highlighted the “still-early days” of the “cryptoeconomy.” $COIN posted net revenue of $2.0 billion in Q2, up from $178 million a year earlier and $1.6 billion in the first quarter.

Coinbase Global Inc. saw revenue surge in a volatile quarter that it said highlighted the “still-early days” of the “cryptoeconomy.”

Coinbase saw total retail trading volume of $145 billion in the June quarter, up 21% from the March quarter, which the company attributed to a higher count of monthly transacting users, strength in the crypto market and its support of more trading assets.Overall trading volume hit $462 million, up from $335 million in the March quarter. Of that total trading volume, 24% was concentrated in bitcoin BTCUSD, +0.

 

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