Coinbase Falls After Posting a Second-Quarter Loss and Lower Revenue

The exchange reported $1.22 billion in revenue, down from $1.5 billion a year earlier, even as it cited record market share and growth in stablecoins and derivatives.

Coinbase shares fell after the exchange missed second-quarter revenue estimates, reporting $1.22 billion in overall revenue, down from $1.5 billion in the same period a year earlier. The company posted a loss of $1.36 per share, a return to…