Crypto-linked equities are selling off hard Friday morning as Bitcoin (CRYPTO:BTC) slips below $64,000 and a bruising Q2 report from Coinbase (NASDAQ:COIN | COIN Price Prediction) drags the group lower.

Most analysts blamed a weak crypto market for Coinbase's earnings miss, though opinions diverged on when trading activity will recover.

The stock of Coinbase Global (NASDAQ: $COIN) is down 6% after the cryptocurrency platform reported disappointing

Its passage could make it easier for Coinbase and Robinhood to gain new customers.

By Pritam Biswas July 31 (Reuters) - Shares of Coinbase Global slipped 5.6% in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn.

Average USDC Held in Coinbase Products reached an all-time high of $20 billion in Q2 2026, more than 30% of all USDC in circulation as of quarter-end. Over the past year, Coinbase has captured approximately 50% of all USDC economics.

AI is changing cybersecurity, forcing Coinbase to make a major shift.

By Jonathan Stempel NEW YORK, July 30 (Reuters) - Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or broker-dealer.