Coinbase's net income in the second quarter was US$803 million, with a net loss of approximately US$1.1 billion

Coinbase announced its financial report for the second quarter of 2022. The financial report shows that Coinbase's net income in the second quarter was US$803 million, a decrease of 31% from the first quarter (US$1.17 billion); Net loss increased by about 155%; monthly active users were 9 million, a decrease of 200,000 from the first quarter; quarterly total transaction volume was 217 billion US dollars, a decrease of about 30%. Among them, the total trading volume of cryptocurrency spot fell by 3% month-on-month, resulting in a decline in the market share of trading volume. At the end of the second quarter, Coinbase had $96 billion in assets, down 63% from $256 billion at the end of the first quarter.