Coinbase (COIN) reported Q2 2025 revenue of $1.5 billion, missing estimates and down 26% quarter-over-quarter, with adjusted net income of $33 million. Despite the revenue miss, stablecoin revenue rose 12% to $333 million. Coinbase plans to roll out tokenized stocks, prediction markets, derivatives, and early-stage token offerings for U.S. users in the coming months, indicating potential new revenue streams.