THE BLOCK · 2026-10-30 08:57 UTC

Coinbase Q3 net income jumps 66% as prediction markets gain traction

Coinbase Q3 net income jumped 66% year-over-year to $719 million, with total revenue at $1.22 billion, broadly flat quarter-over-quarter but down 35% year-over-year. Prediction markets revenue surpassed $200 million annualized (doubled from $100 million previous quarter) and derivatives accounted for roughly 25% of transaction revenue, offsetting weaker spot trading volume which fell 8% quarter-over-quarter. Stablecoin revenue reached $328 million (up 3% QoQ), and both Bernstein and William Blair maintained Outperform ratings with price targets of $250 and $240 respectively.

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