Coinbase Global reported Q2 2025 earnings that missed Wall Street expectations, with revenue declining to $1.5 billion, below the forecasted range of $1.56 billion to $1.59 billion. The shortfall was attributed to a significant drop in transaction volumes. However, the company saw a 12% increase in stablecoin-related income, reaching $332 million, which provided some financial relief. Following the earnings report, Coinbase shares dropped over 8% in after-hours trading. The company emphasized key policy developments, such as the GENIUS Act and CLARITY Act, as important achievements. Looking ahead, Coinbase plans to introduce a new platform called the 'everything exchange' in the US, which will include tokenized assets and prediction markets.