CNA · 2026-10-29 20:38 UTC

Coinbase snaps losing streak with third-quarter profit on lower expenses

Coinbase reported Q3 profit of $718.7 million ($2.51 per share), ending a three-quarter losing streak. Operating expenses fell 17% to $1.15 billion year-over-year, while transaction revenue dropped 43% to $590.2 million. Cryptocurrency trading activity remains weak due to shifting monetary policy expectations and lower digital asset investment flows.

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