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The largest U.S. crypto exchange's revenue fell short of Wall Street expectations.
The crypto exchange called its second quarter “solid,” but revenue dropped 26% quarter-on-quarter and some of its guidance was also disappointing.
CNBC's Tanaya Macheel reports on Coinbase's upcoming quarterly earnings results.
Coinbase Global reported a jump in second quarter profit on Thursday, as the cryptocurrency exchange earned more from its subscription and services model.
Coinbase Global (COIN) is set to report second-quarter earnings after the closing bell today, with traders anticipating a big swing from the crypto exchange's stock.
On today's episode of CNBC Crypto World, bitcoin and ether are in the green ahead of the Fed's decision to keep rates unchanged. Plus, JPMorgan partners with Coinbase to let Chase customers link their bank accounts to their crypto wallets.
As cryptocurrency and blockchain mature under a favorable U.S. regulatory regime, they're being embraced by traditional banks.
JPMorgan Chase and Coinbase partnered to make it easier for their mutual customers to buy cryptocurrency. The companies expect to launch a new feature in the fall that will enable customers to use Chase credit cards to fund their Coinbase accounts, according to a Wednesday (July 30) press release.
JPMorgan Chase said its credit-card rewards points will be transferrable into Coinbase accounts.
U.S. banking giant JPMorgan on Wednesday partnered with Coinbase to allow customers to fund their wallets using its Chase credit cards and buy cryptocurrency on the exchange starting in fall 2025.