Bitgo reported $4.3 billion in second-quarter revenue, up nearly 80% from a year earlier, as trading and stablecoin activity increased.

The firm recorded a net loss of $19 million in Q2, compared with net income of $38.3 million in the same period last year.

BitGo generated $4.3 billion in Q2 revenue, up nearly 80% year over year, while digital asset losses and weaker trading margins weighed on earnings.