Coinbase Global, Inc. (NASDAQ:COIN) Q2 2024 Earnings Conference Call August 1, 2024 5:30 PM ET

Company Participants

Anil Gupta - Vice President, Investor Relations
Brian Armstrong - Co-Founder & Chief Executive Officer
Alesia Haas - Chief Financial Officer

Conference Call Participants

Devin Ryan - Citizens JMP
Ken Worthington - JPMorgan
Benjamin Budish - Barclays Bank
Owen Lau - Oppenheimer
Mike Colonnese - H.C. Wainwright
Joseph Vafi - Canaccord Genuity
Pete Christiansen - Citigroup
Dan Dolev - Mizuho
John Todaro - Needham
Patrick Moley - Piper Sandler

Operator

Good afternoon. My name is Krista and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the prepared remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Anil Gupta, Vice President, Investor Relations, you may begin your conference.

Anil Gupta

Good afternoon and welcome to the Coinbase second quarter 2024 earnings call. Joining me on today’s call are Brian Armstrong, Co-Founder and CEO; Emilie Choi, President and COO; Alesia Haas, CFO; and Paul Grewal, Chief Legal Officer. I hope you’ve all had the opportunity to read our shareholder letter, which was published on our Investor Relations website earlier today.

Before we get started, I’d like to remind you that during today’s call, we may make forward-looking statements. Actual results may vary materially from today’s statements. Information concerning risks, uncertainties and other factors that could cause these results to differ is included in our SEC filings.

Our discussion today will also include references to certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in the shareholder letter on our Investor Relations website. Non-GAAP financial measures should be considered in addition to, not as a substitute for, GAAP measures. We are once again using the Say Technologies platform to enable our shareholders to ask questions, and in addition, we will take some live questions from our research analysts.

And with that, I'll turn it over to Brian for opening comments.

Brian Armstrong

Thanks, Anil. I'm excited to share an update on our 2024 priorities. Let's start with driving regulatory clarity, given the significant progress here in Q2. First, advancing crypto legislation has emerged as a mainstream issue in Washington, D.C. standwithcrypto.org has amassed over 1.3 million crypto advocates globally, many in swing states. And these advocates are making their voices heard as an important voting block.