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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Coinbase reported that 88% of its second-quarter net revenue originated from sources other than Bitcoin spot trading, showcasing significant revenue diversification. Despite this shift, the company's Q2 profit missed analyst estimates due to low market volatility and softer spot trading activity. Consequently, Coinbase recorded a net loss of $359.5 million, marking its third consecutive quarter of losses.