Coinbase shares fall after crypto exchange posts disappointing second-quarter results

Coinbase experienced a significant decline in its stock price following the release of second-quarter financial results that disappointed market expectations. The cryptocurrency exchange reported a loss of $359.5 million, or $1.36 per share, for the quarter ended June 30, compared with a profit of $1.43 billion, or $5.14 per share, in the corresponding period one year prior. The results represented the third consecutive quarter in which the company failed to meet Wall Street forecasts for both