COINBASE ( COIN ) IS LEANING ON INSTITUTIONS AS RETAIL REVENUE FELL 31 %

What happened: Marqeta is expanding its work with Coinbase (NASDAQ:COIN) so businesses can offer cards funded by stablecoin balances, with Coinbase providing custody, dollar conversion, and settlement on its Base blockchain. Key numbers: Q2 revenue $1.22 billion, down from $1.50 billion a year earlier. Net loss $359.5 million, third straight quarter of missed forecasts. Why it matters: The deal fits Coinbase's push toward institutional and payments infrastructure, but the content notes cost cuts and institutional growth soften the loss without yet replacing what retail traders pulled out.

Marqeta is expanding its work with Coinbase (NASDAQ:COIN) so businesses can offer cards funded by stablecoin balances, with Coinbase providing custody, dollar conversion, and settlement on its Base blockchain.

The deal fits Coinbase's push toward institutional and payments infrastructure, but the content notes cost cuts and institutional growth soften the loss without yet replacing what retail traders pulled out.