Coinbase (COIN) shares fell about 5% after the company reported second-quarter results reflecting another weak period for digital asset trading:
The company had revenue of $1.22 billion, which fell short of the $1.29 billion forecast. Transaction revenue came in at $599 million, compared to expectations of $628 million:
Shares dropped roughly 5%, and investors are looking for updates from Coinbase's earnings call:
Coinbase added 819 BTC to its balance sheet during the second quarter, bringing its total holdings to 17,211 BTC:
The results come after a challenging quarter for crypto markets:
