COIN Posts $1.22B Q2 Revenue, $359.5M Net Loss

COIN said Q2 revs fell -14% to $1.22B, Q2 adj EBITDA $207.8M with net loss -$359.5M; posted 3rd straight quarterly loss hurt by lower transaction revenue as a prolonged downturn in crypto markets curbed trading activity; Q2 transaction revenue dropped 21% to $599M from $764M a year earlier; shares -4.8%