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Coinbase · Q2 2026
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How is Coinbase diversifying its revenue?

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Coinbase · Q2 2026

Subscription and services · share of net revenue [2]
Q1 2026
44%
Q2 2026
48%

Revenue mix

Coinbase reported that 88% of net revenue came from activities beyond BTC spot trading.

Stablecoin balances

Average USDC held in Coinbase products reached $20 billion.

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Illustrative chat. Saved research · 23 Sep 2026

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