ChainCatcher news, CoinShares announced its Q2 2024 performance, with Q2 revenue of £22.5 million, a year-on-year increase of 110% compared to £10.7 million in Q2 2023. As a result, CoinShares' total comprehensive income for Q2 2024 amounted to £25.8 million (compared to £5.3 million in the second quarter of 2023).In addition, CoinShares successfully completed the sale of its FTX claims on June 24, achieving a net brokerage fee recovery rate of 116%, translating to a return of £28.7 million.

ChainCatcher news, although the first quarter revenue and profit exceeded expectations, the consumer trading volume of the largest cryptocurrency exchange in the United States was $56 billion, compared to the peak of $177 billion during the last cryptocurrency bull market in the fourth quarter of 2021. Since the launch of the spot Bitcoin exchange-traded fund in March, Bitcoin's trading volume (which provides a source of trading fee revenue for Coinbase) has remained sluggish despite reaching an all-time high for the largest cryptocurrency.

ChainCatcher message, the Punkai community posted on platform X stating that in order to fulfill the mission of blockchain, they will make a donation of $SLERF free of charge, and the specific donation plan will be announced on the official Twitter.

ChainCatcher news, Robinhood's revenue from cryptocurrency trading increased by 10% year-on-year in the fourth quarter of 2023, reaching $43 million due to the rise in users trading cryptocurrencies. According to FactSet data, the trading platform's total revenue for the fourth quarter was $471 million, exceeding the analysts' average expectation of $454.7 million. Meanwhile, earnings per share were $0.03, surpassing the expected loss of $0.01 per share.

ChainCatcher news, Coinbase's revenue for the third quarter was $674.1 million, a decrease of 4.7% quarter-over-quarter and an increase of 14.2% year-over-year, but exceeding analysts' expectations of $650.9 million. The adjusted loss per share for the third quarter was $0.01, better than analysts' forecast of a loss of $0.55 per share. On the other hand, the total trading volume for the third quarter was only $76 billion, below the expected $80.1 billion and down from $92 billion in the previous quarter. The trading revenue for the third quarter was $288.6 million, a 12% decrease from $327 million in the previous quarter.The net loss for the third quarter was $2 million, compared to a loss of $545 million in the same period last year. Additionally, Coinbase generated $172 million in interest income from USDC stablecoins in the third quarter.

ChainCatcher news, Messari researcher Kunal Goel released a report estimating Coinbase's Q2 revenue, indicating that non-trading revenue for Coinbase in Q2 2023 has reached 50%, which may for the first time exceed its trading revenue. Among them, Coinbase's spot trading volume decreased by 36%, while retail trading volume, which accounts for 95% of trading revenue, decreased by 14%.

ChainCatcher news, according to CoinDesk, Coinbase's financial report shows that its trading revenue for the third quarter was $366 million, a 44% decrease from the second quarter. Meanwhile, driven by an increase in interest income, Coinbase's subscription and services revenue rose 43% quarter-over-quarter to $211 million; total operating expenses were $1.1 billion, a 38% decrease from the second quarter; overall net income was $576 million, below the $646 million generally expected by FactSet analysts and also lower than the $803 million in the second quarter.In a letter to shareholders, Coinbase stated that its trading revenue continues to be significantly impacted by macroeconomic and crypto market headwinds, and it expects this situation to persist into 2023, with trading volume also shifting overseas. (CoinDesk)