CNA · 2026-10-29 21:41 UTC

Coinbase returns to profit as crypto investment gains cushion trading weakness

Coinbase returned to profitability in Q3 after three consecutive quarters of losses, with investment gains on crypto assets offsetting weaker trading activity. Transaction revenue dropped 43% to $590.2 million from $1.05 billion year-over-year, while total revenue fell 35% to $1.22 billion. The company reported net profit of $718.7 million ($2.51 per share), aided by 17% lower operating expenses and growth in prediction markets revenue exceeding $200 million.

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