Encrypted stocks fall into a bear market, Coinbase Q2 revenue declines by 18% year-on-year
2026-10-31 02:09:46
According to CoinMeta, the crypto stock market is currently in a bear market. Gemini has fallen by 84%, Figure by 70%, Iren by 68%, Mara by 63%, Coinbase by 59%, Riot by 56%, Glxy by 53%, MicroStrategy has fallen by 51%, Circle by 45%, and Robinhood by 43%. Bitcoin has fallen by 38.5% from its peak of $126,000. Coinbase Q2's revenue decreased by 18% year-on-year to $1.22 billion, while Robinhood Q3's revenue increased by 12% year-on-year to $1.42 billion, despite its stock still falling by 43%. Circle Q2's revenue increased by 7% year-on-year to $701 million, but it has fallen by 45% compared to its March peak. Gemini Q2's revenue grew by 37% to $45 million, and Figure Q2's revenue almost doubled to $222 million. Mining companies Mara and Iren both saw a 27% decline in revenue, whereas Riot's revenue increased by 14%.
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Source:Cointelegraph
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