- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Coinbase's Q3 Earnings Report Exceeds Expectations, Net Profit Reaches $432.6 Million, Trading-Related Revenue Sees a 37% Quarter-over-Quarter Growth
BlockBeats News, October 31st, according to CNBC, Coinbase's Q3 financial report performance exceeded expectations, with Q3 net profit increasing from $75.5 million (28 cents per share) in the same period last year to $4.326 billion ($1.50 per share). Earnings per share surpassed the analyst consensus expectation of $1.10 from the London Stock Exchange Group.
Revenue increased from $1.21 billion in the same period last year to $1.87 billion, surpassing analysts' expectation of $18 billion. Trading-related revenue rose to $10 billion, a 37% increase from the second quarter, with retail trading revenue at $844 million, a 30% increase quarter-on-quarter. Additionally, subscription and services revenue reached $747 million.
The platform's consumer trading volume surged to $590 billion, a 37% increase from the previous quarter. Retail trading revenue reached $844 million, a 30% increase quarter-on-quarter. On the institutional side, Coinbase's third-quarter trading revenue reached $135 million, a 122% increase from the previous quarter; and third-quarter institutional trading volume grew 22% quarter-on-quarter, reaching $236 billion.
Stablecoin revenue reached $355 million, a 7% year-on-year increase. Coinbase holds $15 billion worth of USDC in its products, a 9% year-on-year increase.
Derviatives (Deribit+Coinbase) trading volume exceeded $840 billion, marking the highest level in U.S. cryptocurrency derivatives trading volume and market share.
Acquired 2,772 bitcoins, equivalent to $299 million.
CEO Armstrong stated that as part of its strategy, Coinbase is integrating prediction markets, tokenized stocks, and other products into its platform. As the scale of various digital asset markets continues to expand, and with competition intensifying under the drive of regulatory tailwinds, expanding the scope of its business is crucial to Coinbase's future growth.
Following the news of the better-than-expected financial report, Coinbase (COIN) stock price rose 3.5% after hours.
You may also like
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
The Cryptographic Past of the Middle East
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
Why is OpenAI playing catch-up to Claude Code instead?
Vitalik wrote a proposal teaching you how to secretly use AI large models
The doubling of Circle's stock price and the paradigm shift of stablecoins
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
The Cryptographic Past of the Middle East
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
App