Coinbase's second-quarter revenue surges on crypto trading revival

Coinbase reported a notable rise in second-quarter revenue due to increased trading volumes, thanks to regulatory approvals for bitcoin and ether ETFs. The company's transaction revenue surged to $780.9 million from $327.1 million last year. The total market capitalization of the crypto sector swelled to approximately $2.36 trillion, driven by gains in key cryptocurrencies.