BREAKING: Coinbase Q2 revenues beat estimates but USDC interest income falls to $151 million
The company generated $151 million in USDC stablecoin interest income during the quarter. That's down from
Trading volumes declined during the quarter, falling to $92 billion versus $217 billion registered the quarter a year ago. The company has recently managed to successfully diversify and add additional revenue streams such as charging subscription and service fees. It highlighted recent agreements with asset managers looking to bring spot bitcoin ETFs to light.
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