During its first earnings report as a public company, Coinbase (COIN) blew away second quarter estimates.
The cryptocurrency exchange reported adjusted earnings per share of $6.42 on revenue of $2.22 billion.
Coinbase saw monthly transacting users jump to 8.8 million, up 44% from the first quarter. Trading volume increased to $462 billion from $335 billion.
While the company didn’t provide guidance, it did project lower monthly transacting users and lower trading volumes during the third quarter.
