Coinbase, the largest cryptocurrency exchange in the United States, has posted its third consecutive profitable quarter with a total revenue of $1.45 billion and EBITDA of $596 million in Q2 2024. Despite this, the company's revenue fell 11% from Q1 to Q2 due to a decline in crypto trading volumes and volatility. Transaction fee revenue fell 27% and transaction volume dropped 28% from the previous quarter. The company's stock rose 2% as a result of the earnings report. CEO Brian Armstrong mentioned the potential launch of a 'Coinbase 500' product, similar to an S&P 500 ETF, during the earnings call. Additionally, the approval of Bitcoin and Ether ETFs has contributed to a rebound in trading volumes. Coinbase's net revenue and trading volumes more than doubled from last year.