Coinbase shares drop 6% after Q2 loss despite record crypto market share

Coinbase shares drop 6% after Q2 loss despite record crypto market share

Coinbase shares dropped 6% post-earnings despite capturing 10.3% global crypto volume share; Q2 showed a loss and lower-than-expected revenue. The gap between market share growth and profitability loss signals infrastructure cost challenges at scale, potentially deterring institutional crypto stack commitments.