Coinbase's revenue fell by 26%, but is still rated "buy".

TapChiBitcoin

2025-08-04 20:25:22

Coinbase reported a 26% decrease in Q2 revenue, a 39% drop in trading revenue, and more than a 30% decline in spot trading volume compared to the previous quarter, causing COIN shares to fall over 15% on Friday. However, Benchmark maintains a “buy” rating with a target price of 421 USD, believing that long-term factors such as the USDC revenue-sharing agreement with Circle, the development plan for a “super app”, DEX integration, and the expansion of Web3 financial services will drive sustainable growth. Coinbase also revealed that it bought an additional 2,509 BTC in Q2.

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