TechFlow, according to BiyaPay analysts, Coinbase's Q2 earnings report released on August 1 showed a net profit of $1.43 billion, mostly from unrealized investment gains, while adjusted profits were only $33 million. Trading revenue declined 39% year-on-year, with retail trading volume sharply dropping and average user transaction value falling 38%. Meanwhile, a user data breach resulted in a loss of $307 million. After the earnings missed expectations, its stock dropped over 9% in after-hours trading and fell more than 30% within half a month.
Amid market turbulence, BiyaPay continues stable support for over 200 cryptocurrencies (including BTC, ETH) with exchange services, offering "zero-fee" spot and contract order trading. Users can also trade U.S. and Hong Kong stocks via USDT without applying for offshore accounts, enabling one-stop access to global financial markets. Regardless of market conditions, BiyaPay is committed to delivering a secure, convenient, and low-cost digital asset investment experience.
