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Coinbase posts record market share and a $359.5M loss in the same quarter @coinbase's crypto trading volume market share hit an all-time high of 10.3% in Q2, its third straight quarterly record, with subscription and services revenue reaching $555M, prediction markets doubling past $100M annualized, and average USDC held in Coinbase products at a record $20B. The GAAP picture is rougher: a $359.5M net loss marks the third consecutive losing quarter, and adjusted EBITDA of $207.8M is less than half of a year ago. Markets read the loss first: $COIN slid over 5% in early after-hours trading to around $154, giving back the day's gains ahead of the 5 PM ET earnings call.
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