TechFlow, August 1 — According to an official announcement, cryptocurrency exchange Coinbase released its Q2 2025 financial results. The report revealed that the previously widely watched data breach incident resulted in a loss of $307 million, below the previously estimated upper limit of $400 million. The incident stemmed from offshore customer service staff being bribed by cybercriminals, leading to the leakage of user data and account management records.
The financial report showed that Coinbase's total revenue for the second quarter reached $1.5 billion, a 26% decrease from the previous quarter, with trading revenue declining 39% sequentially and spot cryptocurrency trading volume dropping over 30% sequentially.
However, the company's net profit reached $1.43 billion, a significant increase compared to $36 million in the same period last year. Quarterly trading volume amounted to $237 billion, higher than $226 billion in the same period of 2024.
In addition, as of June 30, 2025, Coinbase held a total of 11,776 bitcoins for investment purposes, an increase of 2,509 BTC from the first quarter, with a total cost of $740 million and a fair value of $1.26 billion. The company stated it continues to steadily accumulate more bitcoin.
