CNBC · 2026-10-29 21:25 UTC

Coinbase net income surges 66% in third quarter, benefiting from bitcoin investment gains

Coinbase reported Q3 net income of $719 million, up 66%, driven by gains in its cryptocurrency investment portfolio as bitcoin rose 39% in the quarter. EPS of $2.51 exceeded analyst estimates, though revenue of $1.20 billion slightly missed the $1.233 billion expected. The company expanded beyond crypto into AI integrations, tokenized real-world assets, and prediction markets, which generated over $200 million in annualized revenue with trader count up 60% quarter-over-quarter.

Loading the story on Tree News…