
#CoinbaseQ3ProfitReturns
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.
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