Coinbase generated $1.449 billion in revenue in the second quarter of 2023, beating the market expectation of $1.396 billion. However, this figure was down 11% from the first quarter due to a decline in consumer transaction revenues.

- Consumer transaction revenues fell 29% to $665 million.

- Stablecoin revenues increased to 240.4 million dollars.

- Total transaction volume decreased by 28%, but the Base network increased by 300%.

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