CNA · 2026-10-29 22:45 UTC

Coinbase returns to profit as crypto investment gains offset trading weakness

Coinbase returned to profitability in Q3 after three consecutive quarters of losses, driven by lower operating expenses and investment gains on crypto assets. Transaction revenue fell 43% to $590.2 million from $1.05 billion year-over-year due to weaker trading activity. Prediction markets revenue exceeded $200 million, with prediction markets and derivatives now accounting for about 25% of total transaction revenue.

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