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Coinbase Reports $719 Million Q3 Profit, Ending Losing Streak Amid Crypto Gains

Coinbase Reports $719 Million Q3 Profit, Ending Losing Streak Amid Crypto Gains

Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Coinbase Swings to $719 Million Q3 Profit on Crypto Gains

Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.

Coinbase ends three-quarter losing streak with $719M profit
Coinbase ends three-quarter losing streak with $719M profit

Coinbase managed to snap its three-quarter losing streak and pull in a profit. The exchange clocked $1.22 billion in Q3 revenue—a 35% drop from the same period last year—but still a massive win,...

Coinbase Beats Q3 Transaction Revenue Estimates as Crypto Gains Lift Profit
Coinbase Beats Q3 Transaction Revenue Estimates as Crypto Gains Lift Profit

Average USDC in Coinbase products hit a record $22 billion; adjusted net income was $77.7 million, versus $719 million reported.... Read the full story at The Defiant

Coinbase Revenue Fell 35%, Partially Offset by Prediction Market
Coinbase Revenue Fell 35%, Partially Offset by Prediction Market

Coinbase reported third-quarter revenue of $1.2 billion, down 35% from a year ago and roughly flat from its revenues in the second quarter, as trading activity in the broader crypto market...

Coinbase returns to profit as crypto investment gains offset trading weakness
Coinbase returns to profit as crypto investment gains offset trading weakness

Cryptocurrency exchange ‌Coinbase Global returned to profitability on Thursday after three consecutive quarters of losses, helped by lower operating expenses and investment gains on crypto assets...

Coinbase Stock (COIN) Slides Ahead of Q3 Results and Earnings Call
Coinbase Stock (COIN) Slides Ahead of Q3 Results and Earnings Call

Coinbase shares fell 2.49% ahead of its third-quarter results, as investors await updates on trading activity, stablecoins, and its derivatives business.

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