August 2, 2025
Altcoin News Bitcoin News

Coinbase Stock Falls After Q2 Outcomes: Firm Contests FDIC’s Move To Throw Out Lawsuit

Aug 1, 2025

On 31 July 2025, Coinbase published its financial results, showcasing both profits and significant losses. The US-based cryptocurrency trading platform reported a net income of $1.43 billion for Q2 2025, an increase from $36.13 million in the same quarter of the previous year. Coinbase’s total revenue for Q2 2025 reached $1.5 billion, marking a minor rise from $1.45 billion last year, yet falling short of the projected $1.6 billion.

Although the revenue and trading volume did not meet expectations, Coinbase’s stock price surged more than 50% year-to-date. The company also performed better than the S&P 500, which it became part of in May 2025. Nevertheless, the shortfall in Q2 earnings resulted in a 6% decline in after-hours trading.

According to the shareholder letter, Coinbase boosted its BTC assets by 2509 Bitcoin, bringing its total holdings to 11766 Bitcoin. CEO Brian Armstrong expressed on X, “Coinbase is committed to BTC. Our holdings have increased by 2,509 BTC in Q2, and we continue to acquire more.”

Notably, Coinbase reported $332.5 million in revenue related to stablecoins, closely aligning with the $333.2 million estimate and reflecting a 38% increase year-on-year. The company commented on the GENIUS Act’s enactment, stating, “A pivotal moment for Stablecoin Regulation, the GENIUS Act has been signed into law, representing the first federal legislation for digital assets in the US. It establishes clear guidelines for USD stablecoin issuers and custodians, facilitating broader stablecoin integration.”

DISCOVER: Top New Cryptocurrencies to Consider in 2025

Coinbase Fights FDIC’s Efforts To Dismiss FOIA Case

On 31 July 2025, Coinbase’s Chief Legal Officer, Paul Grewal, took to X to announce that the company filed an opposition brief against the Federal Deposit Insurance Corporation’s (FDIC) motion to dismiss and seek summary judgment in our Freedom of Information Act (FOIA) case.

Grewal stated, “The FDIC continues to obstruct our efforts to illuminate the previous administration’s Operation Chokepoint 2.0. We refuse to tolerate this.”

Moreover, criticizing the FDIC, he remarked, “The industry must not become complacent. The historical progress achieved at the federal level is clear, but exposing past wrongdoings is crucial to ensure THEY NEVER HAPPEN AGAIN.”

DISCOVER: Next 1000X Crypto: 10+ Tokens That Could Achieve 1000x in 2025

Key Insights

  • In spite of challenges in Q2, Coinbase unveiled intentions to introduce new offerings beyond cryptocurrencies, including tokenized real-world assets, derivatives trading, prediction markets, and early-stage crypto token sales to US customers.

  • The close partnership between Coinbase and Circle, including a revenue-sharing deal on USDC interest income boosted its profit margins. Coinbase retains 100% of the income from USDC held on its own network and around 50% from USDC stored elsewhere, benefitting from the increasing interest in stablecoins.

The article Coinbase Shares Dip Post Q2 Results: Company Challenges FDIC’s Attempt To Dismiss Lawsuit originally appeared on 99Bitcoins.

Leave a Reply

Your email address will not be published. Required fields are marked *