The
crypto
exchange
said
its
second
quarter
total
revenue
was
$1.45
billion
versus
average
estimate
of
about
$1.4
billion,
according
to
FactSet.
However,
the
second
quarter
adjusted
Ebitda
of
$596
million
came
in
lower
than
the
consensus
of
$607.7
million.
Coinbase’s
biggest
source
of
income
comes
from
transaction
fees,
which
slipped
27%
from
the
previous
quarter
as
trading
volume
fell
28%.
One
of
the
bright
spots
for
the
exchange
in
the
second
quarter
was
the
subscription
and
services
revenue
which
grew
17%
from
previous
quarter.