Coinbase's second-quarter revenue falls short of expectations, with the stock price dropping approximately 5% in after-hours trading

July 31st, Coinbase reported a revenue of $12.2 billion in the second quarter, slightly below the expected $12.9 billion. Trading revenue decreased to $5.99 billion, net loss was $359.5 million, and the stock price fell by about 5% in after-hours trading.