**Coinbase Shares Rise After Mixed Earnings Report 📈**

Shares of Coinbase (COIN) saw a 2% uptick after the company released its second-quarter earnings. While the adjusted EBITDA of $596 million missed Wall Street's expectations of $607.7 million, the revenue of $1.45 billion slightly beat the forecasted $1.4 billion.

- **Transaction Fees Down**: Transaction fees, Coinbase's main income source, fell 27% as trading volume dropped 28%.

- **Bright Spots**: Subscription and services revenue grew 17%, thanks to higher USDC balances and market cap, and rising crypto asset prices like SOL and ETH.

- **Diversification Efforts**: Coinbase is expanding into the spot bitcoin and ether ETFs business and exploring tokenized money-market funds.

What do you think about Coinbase's strategy? Share your thoughts in the comments!