Wall Street was expecting earnings of $2.24 per share on revenue of $1.77 billion. Shares of Coinbase were up after hours. Elsewhere on the balance sheet, Coinbase said its total transaction revenue came to $1.9 billion in the second quarter. Subscription and services revenues were $103 million, up 82% compared to Q1. The company said retail Monthly Transacting Users (MTUs) increased to 8.8 million, up 44% from last quarter. The company’s Verified Users total clocked in at 68 million. Overall, Coinbase said adoption continued at a rapid pace throughout the quarter despite market volatility. From the company’s shareholder letter: Coinbase declined to publish third quarter guidance. Analysts expect the company to report third quarter earnings of $1.42 per share and revenue of $1.39 billion.
