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What changed in Coinbase’s revenue mix in Q2 2026?
Coinbase · Q2 2026
- Q1 2026
- 44%
- Q2 2026
- 48%
“we are a multi stablecoin platform.”
Revenue mix
Coinbase reported that 88% of net revenue came from activities beyond BTC spot trading. [1]
Stablecoin balances
Average USDC held in Coinbase products reached $20 billion. [1]
Open 3 sources
- Coinbase · Q2 earnings release30 Jul 2026
- Coinbase · earnings presentation, slide 2630 Jul 2026
- Coinbase Q2 call · transcript30 Jul 2026
Company-reported figures. Revenue share can rise while absolute revenue falls; read the full results for context.
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Directness Scoring
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See the methodologyWhat did Brian Armstrong say about stablecoins in Coinbase’s Q2 2026 call?
Brian Armstrong · Q2 2026 call
“we are a multi stablecoin platform.”
The context
Asked about supporting other stablecoins, Armstrong described customer choice and commercial arrangements across issuers. [1]
Read the exchange
The linked transcript includes the analyst’s question and management’s full response. [1]
Open the source
Excerpt located with Perception Voices. Open the transcript for the full exchange.
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