Coinbase Global Inc. reported its financial results for Q2, highlighting a total revenue of $1.5 billion. The company achieved a net income of $1.4 billion, which includes a $1.5 billion gain on strategic investments and a $362 million gain on crypto investment assets. Adjusted Net Income, excluding these items, was $33 million, while Adjusted EBITDA stood at $512 million. Transaction revenue amounted to $764 million, while subscription and services revenue reached $656 million, driven by growth in USDC balances and increased staking activity. The company faced a 26% decline in total revenue compared to the previous quarter and a 39% decrease in transaction revenue. Subscription and services revenue dropped by 6% quarter-over-quarter. Operating expenses rose by 15% to $1.5 billion due to a significant $307 million expense related to a data theft incident. Coinbase concluded the quarter with $9.3 billion in total USD resources and $1.8 billion in crypto assets held for investment. The company continued to expand its offerings globally and enhance financial utility through new products and partnerships. In its outlook, Coinbase anticipates sales and marketing expenses to be in the range of $190-$290 million, influenced by performance marketing and customer USDC balances.