#CoinbaseQ3ProfitReturns

2.5M viewing|503 post

About CoinbaseQ3ProfitReturns

Coinbase posted Q3 GAAP net income of $719M after two consecutive quarterly losses. Gains on crypto assets held for investment totaled ~$715M, mainly from fair-value revaluations involving BTC and ETH. Adjusted net income was $78M. Trading revenue fell about 44% YoY to $590M. Meanwhile, prediction market annualized revenue exceeded $200M, and daily trader numbers rose more than 60% QoQ.

Related crypto
COIN
-4.21%