Reports Q2 revenue $1.497B, consensus $1.59B. Reports Q2 adjusted EBITDA $512M. Transaction revenue was $764 million, down 39% Q/Q. “Subscription and services revenue was $656 million, down 6% Q/Q. TWe delivered solid financial results in Q2, generating $1.5 billion in total revenue, $1.4 billion in net income, $33 million in Adjusted Net Income and $512 million in Adjusted EBITDA. Transaction revenue was $764 million. Subscription and services revenue was $656 million, driven by continued growth in average USDC balances, native units staked, and all-time high average Prime Financing balances. We also had all-time high average market share of crypto assets on our custody platform. We ended Q2 with $9.3 billion in total $USD resources, reinforcing our ability to invest in innovation and longterm growth, as well as $1.8 billion in our crypto asset investment portfolio, fueled by weekly BTC purchases.
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