**Coinbase Q2 Earnings Boost Shares**

Coinbase shares jumped 3.2% after-hours following its Q2 earnings report. The crypto exchange posted $1.4 billion in revenue, with a notable year-on-year increase in trading volumes.

**Key Highlights:**

- Trading volumes hit $266 million, up from last year but down from Q1's $312 billion.

- Subscription and services revenue surged 17% from Q1, nearly doubling from Q2 2023.

- Transaction revenue doubled from Q2 2023 to $780.9 million, though it fell short of Q1.

**Revenue Breakdown:**

- Consumer transaction revenue: $664.8 million (below Zacks' $695 million estimate).

- Institutional transaction revenue: $63.6 million (above Zacks' $55 million estimate).

**Profit and Regulatory Wins:**

- Third consecutive profitable quarter.

- Net income: $36 million.

- Significant regulatory progress in the US, with bipartisan support for crypto legislation.

Despite a 5.2% drop to $212.6 on Aug. 1, shares rebounded 3% post-earnings.