Coinbase Global (NASDAQ: COIN) released its second-quarter financial results, revealing a revenue of $1.5 billion, a 26% decrease from the previous quarter. This fell short of the estimated $1.69 billion. Transaction revenue was $764 million, down 39%, while subscription and services revenue stood at $656 million, a 6% drop. Trading volume also decreased by 40% to $237 billion. Both consumer and institutional transaction revenue experienced a year-over-year decline, with crypto spot volume falling by 31% globally and 32% in the U.S. The company closed the quarter with $9.3 billion in USDC and $1.8 billion in crypto assets. Adjusted earnings... You can find the complete article on Benzinga.com.