The company said it recorded Net revenue of $1.4 billion and $3.0 billion and Net income of $36.2 million and $1.2 billion for the 3-month and 6-month periods ended June 30, 2024.

10-QQuarterly reportFiled Aug 1, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said it recorded Net revenue of $1.4 billion and $3.0 billion and Net income of $36.2 million and $1.2 billion for the 3-month and 6-month periods ended June 30, 2024.
Coinbase said its Trading Volume rose 146% and 127% for the 3-month and 6-month periods in 2024 compared with 2023, outpacing the growth in overall U.S. spot market trading volume of 83% and 80%.
The company said consumer Trading Volume rose 164% and 166%, lifting consumer transaction revenue by $474.7 million and $1,023.3 million. It said a lower average blended fee rate reduced that revenue by $98.9 million and $41.5 million.
Coinbase said it issued convertible senior notes with a principal amount of $1.3 billion due March 18, 2024 and April 1, 2030. It said total principal of its outstanding debt as of June 30, 2024 was $4.3 billion.

Key figures

Quarter ended June 30, 2024

Revenue: $1.4B
Operating income: $343M
Net income: $36M
EPS: $0.14

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly and Six-Month Net Revenue and Net Income

The company said it recorded Net revenue of $1.4 billion and $3.0 billion and Net income of $36.2 million and $1.2 billion for the 3-month and 6-month periods ended June 30, 2024.

Source · Based on the MD&A text of the filing

Trading Volume Up 146% and 127%

Coinbase said its Trading Volume rose 146% and 127% for the 3-month and 6-month periods in 2024 compared with 2023, outpacing the growth in overall U.S. spot market trading volume of 83% and 80%.

Source · Based on the MD&A text of the filing

Factors Behind Transaction Revenue Growth

The company said consumer Trading Volume rose 164% and 166%, lifting consumer transaction revenue by $474.7 million and $1,023.3 million. It said a lower average blended fee rate reduced that revenue by $98.9 million and $41.5 million.

Source · Based on the MD&A text of the filing

2030 Convertible Notes Issuance and Outstanding Debt

Coinbase said it issued convertible senior notes with a principal amount of $1.3 billion due March 18, 2024 and April 1, 2030. It said total principal of its outstanding debt as of June 30, 2024 was $4.3 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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