The US crypto exchange Coinbase reported a 106% increase in prediction market revenues in Q2, despite Bitcoin's stagnant prices.
The second-quarter report of Coinbase painted a bleak picture due to the ongoing stagnation of Bitcoin prices. However, amidst the crypto winter, the firm's prediction markets are experiencing significant growth. Coinbase revealed that its prediction market revenues more than doubled in Q2, surging by 106% compared to the previous quarter.
While the overall crypto market faces challenges, Coinbase's prediction markets are proving to be a bright spot, showcasing remarkable growth despite the tough conditions.
