Coinbase reported $719 million Q3 net income, primarily from crypto holdings gains, with flat revenue at $1.22 billion.
Macro & Markets ·
Coinbase reported $719 million in third-quarter net income, though approximately $715 million stemmed from gains on cryptocurrency holdings, with adjusted net income of $78 million. Revenue remained flat at $1.22 billion compared to the prior quarter, down 35 year-over-year, while prediction markets reached $200 million in annualized revenue and subscription services climbed to nearly half of total revenue at $570 million.