BLOOMBERG · 2026-10-29 20:35 UTC

Coinbase Returns to Profitability While Posting Another Revenue Drop

Coinbase returned to profitability in Q3 with net income of $719 million ($2.51 per share), up 66% year-over-year, though revenue fell 35% to $1.22 billion. Profitability was driven by unrealized gains on crypto holdings; subscription and services now account for 49% of revenue, with prediction markets generating over $200 million annualized revenue. Competition from low-fee providers like Robinhood is intensifying, prompting Coinbase to lower fees for active traders, raising concerns about industry-wide fee compression.

Loading the story on Tree News…