Coinbase shares fall after $1.36-per-share Q2 loss

Coinbase shares fell in extended trading after the crypto exchange reported a second-quarter loss and lower revenue, overshadowing record market share and growth across stablecoins and derivatives. Summary Coinbase reported a loss of $1.36 per share, reversing earnings of $5.14 a year earlier. Quarterly revenue fell to about $1.2 billion from $1.5 billion in the prior-year period. Coinbase captured a record 10.3% of global crypto trading volume during the quarter. COIN faced immediate support near $152, with the next downside level around $140. Coinbase revenue falls as quarterly loss returns Coinbase generated approximately $1.2 billion in second-quarter revenue, down 20% from $1.5 billion during the same period last year. The company posted a loss of $1.36 per share, compared with earnings of $5.14 per share a year earlier. Shares initially closed regular trading at $163.58, up 2.18% for the session. However, the earnings report reversed that gain, sending the stock lower in after-hours trading. The chart showed an extended-market price near $152, implying a decline of about 7% from the regular close. Earlier after-hours readings placed the drop closer to 5%, suggesting the stock...