Coinbase swings to $719 million Q3 profit on crypto holdings gains
Coinbase reported third-quarter net income of Average USDC in Coinbase products hit a record $22 billion; adjusted net income was $77.7 million, versus $719 million reported.
, with the bulk of gains coming from its cryptocurrency holdings rather than trading fees. Revenue remained flat at 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.
, though adjusted net income hit Average USDC in Coinbase products hit a record $22 billion; adjusted net income was $77.7 million, versus $719 million reported.
, beating transaction revenue estimates. Average USDC held in Coinbase products reached a record Average USDC in Coinbase products hit a record $22 billion; adjusted net income was $77.7 million, versus $719 million reported.
during the quarter.
Sources: The Defiant, Decrypt
This article is for information only and is not financial advice.
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