Coinbase reported its Q2 2024 earnings, revealing a revenue of $1.45 billion, surpassing the estimated $1.39 billion, reflecting a 105% year-over-year growth. The company's earnings per share (EPS) stood at $0.14, matching expectations. Despite earlier projections of a decline, Coinbase's transaction revenue reached $780.9 million, exceeding the estimated $745.1 million. The total trading volume was reported at $226 billion, also surpassing expectations. Adjusted EBITDA for the quarter was $596 million, a significant increase from $189 million last year. Net income for the quarter was $36 million, a reversal from a $97 million loss in the previous year. The resurgence in crypto trading volumes contributed to the positive results. Coinbase also provided guidance for Q3, projecting subscription and service revenue between $530 million and $600 million.
