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The analysts downplayed a Q2 drop in transaction revenue, highlighting a 44% jump in July activity as a more important driver.
However, crypto ETNs will not be covered by the Financial Services Compensation Scheme, and the retail ban on crypto derivatives remains.
Aggregated Solana CME futures trading volume came in at $8.1 billion in July, while open interest average for the month topped $400 million.
Crypto hiring stayed active in July, with 30 people changing roles across DeFi, stablecoins, infrastructure, and policy.
"Coinbase is long bitcoin," CEO Brian Armstrong declared on X following the crypto exchange's Q2 earnings report on Thursday.
Proceeds from the proposed raise will be used to purchase additional bitcoin to its treasury, which currently holds 17,132 BTC.
Binance maintained the largest market share in July with $683 billion in volume, according to The Block's data dashboard.
PancakeSwap processed $188 billion in spot trading volume, maintaining its position as the largest decentralized exchange by spot volume.
The previous 19-day streak brought in $1.37 billion, while this 20-day inflow run saw nearly $5.4 billion in total inflows.
PeckShield estimates that losses from crypto hacks reached $142 million in July, marking a 27.2% increase from the previous month.