Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359. 5 million net loss under US accounting rules, the company's third consecutive losing quarter.

Source: [CryptoSlate](https://cryptoslate.com/coinbase-spent-5-years-building-a-life-raft-away-from-bitcoin-trading-and-still-managed-to-lose-359-million/)

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