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Coinbase Misses on Revenue and Profit — Pivots Toward “Universal Exchange” Strategy

TradingKey
AuthorBlock Tao
Aug 1, 2025 7:04 AM

TradingKey – On Thursday, July 31 (ET), U.S.-based crypto giant Coinbase (NASDAQ: COIN) reported disappointing Q2 earnings, sending its stock down 9.23% in after-hours trading to $342.91, touching its July 2 low.

Q2 Financial Snapshot

  • Revenue: $1.5 billion (vs. $1.59B expected)
  • EPS: $0.12 (vs. $1.49 expected)
  • Net Income: $1.4 billion
  • Adjusted Net Income: Just $33 million, weighed down by a $307 million data breach loss

Strategic Pivot: “Universal Exchange” in the Works

To counter slowing growth, Coinbase announced plans to launch a “universal exchange” in the coming months:

  • Will offer tokenized stocks, prediction markets, and early-stage token sales
  • 🇺🇸 Initial rollout in the U.S., followed by international expansion based on regulatory approvals
  • Designed to compete with platforms like Kalshi, Polymarket, and Robinhood
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