COIN stock fell 5% after market hours on July 30 after Coinbase missed Q2 revenue targets, reporting $1.220B versus the estimated $1.284B, alongside a net loss of $359M. On a quarterly basis, revenue declined 14% from Q1 and approximately 19% year-over-year. Despite the miss, Coinbase achieved a record-high market share of 10.3% and saw prediction markets revenue more than double, crossing $100M on an annualized basis. Analysts noted increasing competition from Robinhood and Hyperliquid as potential threats to Coinbase’s ‘everything exchange’ vision.
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