Coinbase Q2 earnings exceed estimates, signaling potential market recovery

Coinbase reported its second quarter earnings Thursday afternoon after the bell, beating market estimates.
During Q2, the second largest crypto exchange by trading volume generated total revenues of $707.9 million, down from $772.5 in the previous quarter and $808.3 million in the year-ago quarter. It also had a $97 million net loss and generated a positive adjusted EBITDA of $194 million during the quarter.
It was a mixed bag of estimates from analysts prior to the earnings report. Some expected lower results, while others were optimistic. But now crypto bulls and company shareholders alike c

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