Coinbase shares fall more than 12 percent after second quarter results showing a 359 million dollar net loss

Shares in the crypto exchange Coinbase fell more than 12 percent on Friday, 31 July 2026 (9 Mordad 1405). The drop followed second quarter results that showed weaker than expected revenue and a net loss of 359 million dollars. The stock traded around 143.77 dollars during that session, its lowest level since late June 2026.

Total revenue for the quarter came in at 1.22 billion dollars, with lower retail and institutional trading volumes cited as the main pressure on the top line. Even so, Coinbase lifted its share of global crypto trading volume to a record 10.3 percent, and the average USDC stablecoin balance held on its platforms reached 20 billion dollars, equal to 30 percent of that asset's circulating supply.

Coinbase is the largest listed crypto exchange in the United States, and its quarterly results are one of the gauges used to read trading activity across the global crypto market.