Coinbase Q2 Volume Seen Below $200 Billion as Bitcoin Drops 12%
Updated
Updated · CNBC · Jul 20
Coinbase Q2 Volume Seen Below $200 Billion as Bitcoin Drops 12%
3 articles · Updated · CNBC · Jul 20
Summary
Kalshi traders expect Coinbase to post a third straight quarterly trading-volume decline, with Q2 2026 likely falling below $200 billion for the first time since Q3 2024.
Prediction-market pricing implies only a 25% chance volume tops $170 billion and a 41% chance it exceeds $160 billion, versus FactSet consensus of $168.5 billion; volume above $150 billion is seen as near-certain at 99%.
Bitcoin fell about 12% in the second quarter, extending the slide that has already pushed Coinbase shares down more than 55% from their October 2025 peak-era levels while bitcoin is off slightly less than 50%.
Coinbase reports Q2 earnings on July 30, when the Kalshi contract will be resolved using data from Fiscal.ai.