Helene Braun

Tokenization and 24/7 markets are reshaping finance, making always-on banking a reality.

The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.

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The company reported $1.22 billion in overall revenue, down from $1.5 billion in the year prior.

Most analysts blamed a weak crypto market for Coinbase's earnings miss, though opinions diverged on when trading activity will recover.

Arvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview on CNBC.

The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings.

The custody bank has selected Galaxy to provide staking infrastructure as it broadens services for institutional crypto investors.

The blockchain-based prediction markets platform is reportedly returning to investors months after a $15 billion funding round.

The company reported no BTC sales in the second quarter, but shares fell before the open as investors focused on capital spending, free cash flow pressure and a looming insider lockup expiry.