Crypto trading commissions increased from just 7% of total commissions a year ago to 73% in the second quarter of this year.
The bitcoin mining company reported revenue and sales results that beat analyst estimates for the second quarter.
The company generated $266 million in revenue from its crypto mining cards, more than $130 million below its forecast earlier this year.
The bitcoin miner's stock has more than tripled this year.
On firm says Coinbase investors should be wary, predicting the crypto exchange won't maintain "blowout earnings" in the future.
Investors will be watching to see how much Coinbase has earned on the strong retail trading volumes experienced in Q2.
America’s largest theater chain is leaning into crypto but did not specify what technology it would use to accept payments.
The company also canceled an $8 million order for mining machines from ePIC Blockchain Technologies.
Comprehensive income, a profit measure that includes the change in the value of digital assets, climbed more than fivefold.
Cash App's bitcoin gross profit rose to $55 million, Square said in its second-quarter letter to shareholders.
The Virginia-based company now holds more than 105,000 bitcoins.
The payments giant added 11.4 million new accounts in the period, down from 23.3 million in the year-earlier quarter.
Coincheck, one of Japan's largest crypto exchanges, banked its parent 9 billion yen (US$82 million).
The mining equipment maker said total shipments for the second quarter would either maintain or surpass Q1 2021.
The Nasdaq-listed digital asset manager reported a year-on-year increase in comprehensive income of $34.9 million.