Coinbase posted a record 10.3% crypto trading volume market share in Q2 2026, even as it reported a $359 million net loss on lower transaction revenue.

Wall Street expects a sluggish second quarter from Coinbase as crypto trading activity cools, putting all eyes on and pending U.S. crypto legislation.

Coinbase posted $1.29B in Q2 revenue while Strategy reported $122.9M, both meeting consensus as crypto trading volumes declined from Q1 levels.