Consumer trading
Core retail app and web trading. Consumer transaction revenue fell to $452 million in Q2 2026 from $567 million in Q1 as crypto activity cooled.
The numbers
What it is
Retail buying, selling and trading of crypto, plus the Coinbase app and web products that retail users use to trade. This is the platform most traders know Coinbase by, and its revenue is the most sensitive to crypto market activity.
Why it matters to the stock. Consumer transaction revenue is the largest swing factor in Coinbase's quarterly results. Consumer spot volume and revenue tell traders whether retail demand is returning.
News
Coinbase Q2 2026 revenue falls 19% to $1.22 billion and it posts a $359.5 million net loss
Coinbase reported Q2 2026 total revenue of $1,220.1 million, down 19% year over year and 14% quarter over quarter.
Coinbase launches Coinbase for Agents, letting AI agents trade and pay
Coinbase launched Coinbase for Agents on June 11, 2026.
Coinbase Q1 2026 revenue of $1.41B, down 30.5%; net loss $394M, adjusted EBITDA $303M
Coinbase's 10-Q for the quarter ended March 31, 2026 reports total revenue of $1.41 billion, down 30.5% from $2.03 billion a year earlier.
Coinbase discloses extra $2.0B buyback; $1.7B repurchased through Feb 10
Coinbase said its board approved an extra $2.0 billion repurchase authorization for Class A stock and long-term debt in January 2026.