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 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,...
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 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...
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 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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