Coinbase Q2 Earnings Miss Drags COIN Lower as Losses Hit 3rd Quarter

Coinbase posted a $359.5 million net loss on second quarter revenue of $1.22 billion, below Wall Street’s $1.29 billion consensus. COIN shares fell 5.44% after hours to $154.68. The selloff erased a 2.18% regular session gain that had left the stock at $163.58. Investors looked past a record trading market share and fixed on the