Coinbase's Q2 earnings report has been released, with the crypto exchange missing profit estimates. According to the report, softer spot trading and low volatility were to blame for the earnings miss.
Despite the missed estimates, Coinbase highlighted growth in other areas, including derivatives, stablecoins, and tokenized finance. The exchange also noted that it had achieved a record crypto market share.
This is based on reporting from CoinTelegraph. The mixed results reflect the complex and evolving nature of the crypto market.