Coinbase reported third-quarter adjusted net income of $719 million, up 66% from $433 million a year earlier, largely on a crypto market recovery. Revenue of $1.20 billion fell short of the $1.233 billion analysts polled by LSEG expected. The company reported $2.51 per share, though the article did not make clear how that compared with the 6-cent-per-share profit analysts had estimated. Net income was lifted by swings in the value of its crypto investment portfolio, as bitcoin rose 39% in the three months to Sept. 30 and recently traded near $80,809. Coinbase also expanded beyond crypto into tokenized real-world assets, derivatives, AI tools such as Coinbase for Agents, and prediction markets, where revenue topped $200 million annualized and traders rose 60% from the second quarter.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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