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🇪🇺 Coinbase converts 14 stablecoins for European users as the MiCA deadline hits.
Europe's MiCA era just got real for retail traders. Coinbase has converted the remaining balances of 14 non-MiCA-compliant stablecoins held by retail users in the European Economic Area into USDC, after the October 30 deadline passed.
The list is headlined by $USDT, the world's largest stablecoin, alongside PayPal's PYUSD, DAI, World Liberty's USD1, PAXG and nine others. Buying, selling and swapping these assets on Coinbase for EEA retail users had already been switched off. Withdrawal to an external wallet was the only way to keep them. Anything left on the platform is now converted at the market rate, one time only.
The trigger is the end of MiCA's transitional period for stablecoin issuers on July 1, 2026, which was not extended. Tether has not secured the MiCA e-money authorization the framework requires, while Circle's USDC is authorized, making USDC the default dollar token on Coinbase in Europe.
Why it matters: this is the largest single-exchange stablecoin cull under MiCA so far, and it redraws Europe's dollar-token map in one stroke. USDT is not banned across the EU, and it still trades on other venues, but access on the biggest US exchange just narrowed sharply.
⚠️ Honest risks: forced conversions can carry tax consequences depending on jurisdiction, and deposits sent after the deadline may not be credited or recovered. The stablecoin pegs themselves are unaffected. This is a compliance reshuffle, not a depeg event.
Are you holding USDT in Europe, or already moved to USDC? 🐂 or 🐻
📌 Sharing personal opinions only, not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.
$USDT #Coinbase #MiCA #Crypto #Binance
🇪🇺 Coinbase converts 14 stablecoins for European users as the MiCA deadline hits.
Europe's MiCA era just got real for retail traders. Coinbase has converted the remaining balances of 14 non-MiCA-compliant stablecoins held by retail users in the European Economic Area into USDC, after the October 30 deadline passed.
The list is headlined by $USDT, the world's largest stablecoin, alongside PayPal's PYUSD, DAI, World Liberty's USD1, PAXG and nine others. Buying, selling and swapping these assets on Coinbase for EEA retail users had already been switched off. Withdrawal to an external wallet was the only way to keep them. Anything left on the platform is now converted at the market rate, one time only.
The trigger is the end of MiCA's transitional period for stablecoin issuers on July 1, 2026, which was not extended. Tether has not secured the MiCA e-money authorization the framework requires, while Circle's USDC is authorized, making USDC the default dollar token on Coinbase in Europe.
Why it matters: this is the largest single-exchange stablecoin cull under MiCA so far, and it redraws Europe's dollar-token map in one stroke. USDT is not banned across the EU, and it still trades on other venues, but access on the biggest US exchange just narrowed sharply.
⚠️ Honest risks: forced conversions can carry tax consequences depending on jurisdiction, and deposits sent after the deadline may not be credited or recovered. The stablecoin pegs themselves are unaffected. This is a compliance reshuffle, not a depeg event.
Are you holding USDT in Europe, or already moved to USDC? 🐂 or 🐻
📌 Sharing personal opinions only, not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.
$USDT #Coinbase #MiCA #Crypto #Binance
Europe's MiCA era just got real for retail traders. Coinbase has converted the remaining balances of 14 non-MiCA-compliant stablecoins held by retail users in the European Economic Area into USDC, after the October 30 deadline passed.
The list is headlined by $USDT, the world's largest stablecoin, alongside PayPal's PYUSD, DAI, World Liberty's USD1, PAXG and nine others. Buying, selling and swapping these assets on Coinbase for EEA retail users had already been switched off. Withdrawal to an external wallet was the only way to keep them. Anything left on the platform is now converted at the market rate, one time only.
The trigger is the end of MiCA's transitional period for stablecoin issuers on July 1, 2026, which was not extended. Tether has not secured the MiCA e-money authorization the framework requires, while Circle's USDC is authorized, making USDC the default dollar token on Coinbase in Europe.
Why it matters: this is the largest single-exchange stablecoin cull under MiCA so far, and it redraws Europe's dollar-token map in one stroke. USDT is not banned across the EU, and it still trades on other venues, but access on the biggest US exchange just narrowed sharply.
⚠️ Honest risks: forced conversions can carry tax consequences depending on jurisdiction, and deposits sent after the deadline may not be credited or recovered. The stablecoin pegs themselves are unaffected. This is a compliance reshuffle, not a depeg event.
Are you holding USDT in Europe, or already moved to USDC? 🐂 or 🐻
📌 Sharing personal opinions only, not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.
$USDT #Coinbase #MiCA #Crypto #Binance
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Coinbase's report card landed in the worst possible week.
Q3 net income jumped 66% as prediction markets gained traction (The Block), yet COIN was among the hardest hit in the crypto-stock selloff after the $6.3B Binance hack (Cointelegraph). Meanwhile Robinhood says prediction markets brought in $173M as its crypto revenue slumps.
My take: exchanges are quietly diversifying beyond spot trading, and the market is pricing sector-wide trust risk over strong earnings. $BTC is near $77K while $ETH sits around $2,247.
Which matters more for exchange stocks right now: earnings growth or security headlines?
#Coinbase #CryptoStocks #PredictionMarkets
Coinbase's report card landed in the worst possible week.
Q3 net income jumped 66% as prediction markets gained traction (The Block), yet COIN was among the hardest hit in the crypto-stock selloff after the $6.3B Binance hack (Cointelegraph). Meanwhile Robinhood says prediction markets brought in $173M as its crypto revenue slumps.
My take: exchanges are quietly diversifying beyond spot trading, and the market is pricing sector-wide trust risk over strong earnings. $BTC is near $77K while $ETH sits around $2,247.
Which matters more for exchange stocks right now: earnings growth or security headlines?
#Coinbase #CryptoStocks #PredictionMarkets
Q3 net income jumped 66% as prediction markets gained traction (The Block), yet COIN was among the hardest hit in the crypto-stock selloff after the $6.3B Binance hack (Cointelegraph). Meanwhile Robinhood says prediction markets brought in $173M as its crypto revenue slumps.
My take: exchanges are quietly diversifying beyond spot trading, and the market is pricing sector-wide trust risk over strong earnings. $BTC is near $77K while $ETH sits around $2,247.
Which matters more for exchange stocks right now: earnings growth or security headlines?
#Coinbase #CryptoStocks #PredictionMarkets
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Coinbase just posted a quiet flex while the market sweats.
Per The Block's daily newsletter, Coinbase Q3 net income jumped 66%, with prediction markets gaining traction as a new revenue driver.
Meanwhile $BTC sits near $77,000 and $ETH around $2,240 after the Binance hack headlines, with the Fear & Greed Index at 30.
My take: exchange earnings are holding up even when prices aren't, which says volume and new products matter more than direction right now.
Which product will drive the next leg of exchange revenue: prediction markets, derivatives, or tokenized stocks? Curious what you're watching.
#Coinbase #PredictionMarkets #Crypto
Coinbase just posted a quiet flex while the market sweats.
Per The Block's daily newsletter, Coinbase Q3 net income jumped 66%, with prediction markets gaining traction as a new revenue driver.
Meanwhile $BTC sits near $77,000 and $ETH around $2,240 after the Binance hack headlines, with the Fear & Greed Index at 30.
My take: exchange earnings are holding up even when prices aren't, which says volume and new products matter more than direction right now.
Which product will drive the next leg of exchange revenue: prediction markets, derivatives, or tokenized stocks? Curious what you're watching.
#Coinbase #PredictionMarkets #Crypto
Per The Block's daily newsletter, Coinbase Q3 net income jumped 66%, with prediction markets gaining traction as a new revenue driver.
Meanwhile $BTC sits near $77,000 and $ETH around $2,240 after the Binance hack headlines, with the Fear & Greed Index at 30.
My take: exchange earnings are holding up even when prices aren't, which says volume and new products matter more than direction right now.
Which product will drive the next leg of exchange revenue: prediction markets, derivatives, or tokenized stocks? Curious what you're watching.
#Coinbase #PredictionMarkets #Crypto
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Coinbase Posts $719 Million Quarterly Profit as Crypto Industry Faces PressureCoinbase has delivered an earnings turnaround, reporting approximately $719 million in net profit for the third quarter of 2026. The result represents a 66% increase from $433 million a year earlier and ends three consecutive quarters of losses.
However, the headline profit does not tell the full story. Transaction revenue declined 43% year over year to around $590 million, reflecting softer trading activity. Revenue from other services and gains in cryptocurrency investments helped support the company's results, while lower expenses also played a role.
Coinbase reported total operating expenses of about $1.15 billion, down 17% from a year earlier. Despite the profit, its shares fell in after-hours trading following the announcement, showing that investors remain cautious about the durability of a recovery.
The earnings arrive during a volatile period for digital assets, with security concerns and shifting market sentiment keeping traders alert. Coinbase's results highlight an important trend: large crypto companies are trying to become less dependent on simple buying and selling fees.
For the wider crypto market, the key question is whether expanding services can deliver consistent revenue when Bitcoin and other tokens face sharp price swings. Strong quarterly earnings may improve confidence, but they do not guarantee a broader market rebound.
#CryptoNews #coinbase #bitcoin #BTC $BTC
Coinbase Posts $719 Million Quarterly Profit as Crypto Industry Faces Pressure
Coinbase has delivered an earnings turnaround, reporting approximately $719 million in net profit for the third quarter of 2026. The result represents a 66% increase from $433 million a year earlier and ends three consecutive quarters of losses.
However, the headline profit does not tell the full story. Transaction revenue declined 43% year over year to around $590 million, reflecting softer trading activity. Revenue from other services and gains in cryptocurrency investments helped support the company's results, while lower expenses also played a role.
Coinbase reported total operating expenses of about $1.15 billion, down 17% from a year earlier. Despite the profit, its shares fell in after-hours trading following the announcement, showing that investors remain cautious about the durability of a recovery.
The earnings arrive during a volatile period for digital assets, with security concerns and shifting market sentiment keeping traders alert. Coinbase's results highlight an important trend: large crypto companies are trying to become less dependent on simple buying and selling fees.
For the wider crypto market, the key question is whether expanding services can deliver consistent revenue when Bitcoin and other tokens face sharp price swings. Strong quarterly earnings may improve confidence, but they do not guarantee a broader market rebound.
#CryptoNews #coinbase #bitcoin #BTC $BTC
However, the headline profit does not tell the full story. Transaction revenue declined 43% year over year to around $590 million, reflecting softer trading activity. Revenue from other services and gains in cryptocurrency investments helped support the company's results, while lower expenses also played a role.
Coinbase reported total operating expenses of about $1.15 billion, down 17% from a year earlier. Despite the profit, its shares fell in after-hours trading following the announcement, showing that investors remain cautious about the durability of a recovery.
The earnings arrive during a volatile period for digital assets, with security concerns and shifting market sentiment keeping traders alert. Coinbase's results highlight an important trend: large crypto companies are trying to become less dependent on simple buying and selling fees.
For the wider crypto market, the key question is whether expanding services can deliver consistent revenue when Bitcoin and other tokens face sharp price swings. Strong quarterly earnings may improve confidence, but they do not guarantee a broader market rebound.
#CryptoNews #coinbase #bitcoin #BTC $BTC
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🔥 COINBASE'S 14% WORKFORCE CUT IS A **GAME‑CHANGER** that nobody saw coming.
📊 The exchange slashed 14% of staff while BTC skidded to $77,497 (‑5.3%) and market sentiment hit a fear‑rated 30/100, and ETH plunged to $2,229 (‑6%). Meanwhile BTC futures funding flipped bullish at +0.0100% and ETH funding went negative at ‑0.0050%, signaling that smart money is already repositioning for an AI‑driven rally. #Coinbase #CryptoJobs #AI
💡 This means the crypto market may be at the brink of a historic reset, with lower‑band pressure on BTC and ETH priming a flood of buying as the next wave of AI‑enhanced platforms launches. #MarketShift
❓ Are you ready to ride the AI‑fuelled comeback, or will you watch from the sidelines?
🔥 COINBASE'S 14% WORKFORCE CUT IS A **GAME‑CHANGER** that nobody saw coming.
📊 The exchange slashed 14% of staff while BTC skidded to $77,497 (‑5.3%) and market sentiment hit a fear‑rated 30/100, and ETH plunged to $2,229 (‑6%). Meanwhile BTC futures funding flipped bullish at +0.0100% and ETH funding went negative at ‑0.0050%, signaling that smart money is already repositioning for an AI‑driven rally. #Coinbase #CryptoJobs #AI
💡 This means the crypto market may be at the brink of a historic reset, with lower‑band pressure on BTC and ETH priming a flood of buying as the next wave of AI‑enhanced platforms launches. #MarketShift
❓ Are you ready to ride the AI‑fuelled comeback, or will you watch from the sidelines?
📊 The exchange slashed 14% of staff while BTC skidded to $77,497 (‑5.3%) and market sentiment hit a fear‑rated 30/100, and ETH plunged to $2,229 (‑6%). Meanwhile BTC futures funding flipped bullish at +0.0100% and ETH funding went negative at ‑0.0050%, signaling that smart money is already repositioning for an AI‑driven rally. #Coinbase #CryptoJobs #AI
💡 This means the crypto market may be at the brink of a historic reset, with lower‑band pressure on BTC and ETH priming a flood of buying as the next wave of AI‑enhanced platforms launches. #MarketShift
❓ Are you ready to ride the AI‑fuelled comeback, or will you watch from the sidelines?
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Coinbase Q3: $719M profit, but the market didn’t buy it
The headline looks strong. The detail is different:
💡 $715M of net income came from mark-to-market gains on crypto holdings. Adjusted net income was $77.7M.
Revenue was $1.22B, flat quarter over quarter and down about 35% year over year. Price is now $140.08, back at the July and August demand area.
On the positive side, prediction markets passed $200M in annualized revenue, and subscription and services grew to $570M.
Scenario map: if this demand area holds on a daily close, the weak quarter may already be priced in. If it fails, the next demand zone becomes the focus. This is a map, not a prediction.
Headline profit and core business strength are two different things. Check what sits under the number before you size a position.
Verify first. Risk later. Scale slowly.
#Coinbase #CryptoNews
Coinbase Q3: $719M profit, but the market didn’t buy it
The headline looks strong. The detail is different:
💡 $715M of net income came from mark-to-market gains on crypto holdings. Adjusted net income was $77.7M.
Revenue was $1.22B, flat quarter over quarter and down about 35% year over year. Price is now $140.08, back at the July and August demand area.
On the positive side, prediction markets passed $200M in annualized revenue, and subscription and services grew to $570M.
Scenario map: if this demand area holds on a daily close, the weak quarter may already be priced in. If it fails, the next demand zone becomes the focus. This is a map, not a prediction.
Headline profit and core business strength are two different things. Check what sits under the number before you size a position.
Verify first. Risk later. Scale slowly.
#Coinbase #CryptoNews
The headline looks strong. The detail is different:
💡 $715M of net income came from mark-to-market gains on crypto holdings. Adjusted net income was $77.7M.
Revenue was $1.22B, flat quarter over quarter and down about 35% year over year. Price is now $140.08, back at the July and August demand area.
On the positive side, prediction markets passed $200M in annualized revenue, and subscription and services grew to $570M.
Scenario map: if this demand area holds on a daily close, the weak quarter may already be priced in. If it fails, the next demand zone becomes the focus. This is a map, not a prediction.
Headline profit and core business strength are two different things. Check what sits under the number before you size a position.
Verify first. Risk later. Scale slowly.
#Coinbase #CryptoNews
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🚨 Coinbase’s Q3 earnings are out! A whopping $719 million in profit, but revenue plunged 35%? 📊🔥
🔥 On 10/29, Coinbase released its 2026 Q3 earnings. The headline profit looks impressive, but beneath the surface are warning signs that the trading market is cooling!
💰 ① Key Q3 financial results
📉 Total revenue: approximately $1.22 billion, down about 35% year over year
🟢 Net income: approximately $719 million
📊 Adjusted net income: only about $78 million
💵 Adjusted EBITDA: approximately $333 million
🏦 Cash and cash equivalents: approximately $8.6 billion
⚠️ Impressive profits don’t mean the trading business has fully recovered!
🔍 ② Why is there such a huge gap between net income and adjusted net income?
💎 Gains from crypto asset investment revaluations: approximately $715 million
📉 The spot trading market remains relatively weak
📊 Trading revenue: approximately $590 million
A substantial share of this quarter’s profit came from investment revaluation gains, not everyday trading fees!
🚀 ③ Which businesses are growing?
📈 Share of crypto trading volume: 10.7%
💵 Subscription and services revenue: approximately $570 million
🪙 Average USDC held on the platform: $22 billion
🎯 Annualized revenue from prediction markets: over $200 million
👥 Coinbase One paid subscribers: up 24% year over year
🏦 ④ Is Coinbase transforming?
Coinbase is no longer relying solely on BTC and ETH spot trading fees. It is actively expanding into:
✅ Derivatives and options
✅ USDC stablecoin services
✅ Prediction markets
✅ Subscriptions, lending, and onchain finance
📈 ⑤ What impact could this have on BTC and ETH?
🟢 Business diversification supports the industry’s long-term development
🔴 Weak trading revenue reflects insufficient market activity
⚠️ Profits in an earnings report don’t mean BTC and ETH will necessarily rise
🎯 My take
The most noteworthy thing in this earnings report isn’t the $719 million in net income, but the fact that adjusted net income was only $78 million—and that the exchange’s revenue mix is changing.
A genuine market recovery still needs to be confirmed by trading volume, capital inflows, and demand for trading.
⚠️ The key to trading and investing isn’t just looking at impressive earnings figures. You need to understand where the profits come from to see the market’s true direction!
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$HYPE
{future}(HYPEUSDT)
#coinbase
🚨 Coinbase’s Q3 earnings are out! A whopping $719 million in profit, but revenue plunged 35%? 📊🔥
🔥 On 10/29, Coinbase released its 2026 Q3 earnings. The headline profit looks impressive, but beneath the surface are warning signs that the trading market is cooling!
💰 ① Key Q3 financial results
📉 Total revenue: approximately $1.22 billion, down about 35% year over year
🟢 Net income: approximately $719 million
📊 Adjusted net income: only about $78 million
💵 Adjusted EBITDA: approximately $333 million
🏦 Cash and cash equivalents: approximately $8.6 billion
⚠️ Impressive profits don’t mean the trading business has fully recovered!
🔍 ② Why is there such a huge gap between net income and adjusted net income?
💎 Gains from crypto asset investment revaluations: approximately $715 million
📉 The spot trading market remains relatively weak
📊 Trading revenue: approximately $590 million
A substantial share of this quarter’s profit came from investment revaluation gains, not everyday trading fees!
🚀 ③ Which businesses are growing?
📈 Share of crypto trading volume: 10.7%
💵 Subscription and services revenue: approximately $570 million
🪙 Average USDC held on the platform: $22 billion
🎯 Annualized revenue from prediction markets: over $200 million
👥 Coinbase One paid subscribers: up 24% year over year
🏦 ④ Is Coinbase transforming?
Coinbase is no longer relying solely on BTC and ETH spot trading fees. It is actively expanding into:
✅ Derivatives and options
✅ USDC stablecoin services
✅ Prediction markets
✅ Subscriptions, lending, and onchain finance
📈 ⑤ What impact could this have on BTC and ETH?
🟢 Business diversification supports the industry’s long-term development
🔴 Weak trading revenue reflects insufficient market activity
⚠️ Profits in an earnings report don’t mean BTC and ETH will necessarily rise
🎯 My take
The most noteworthy thing in this earnings report isn’t the $719 million in net income, but the fact that adjusted net income was only $78 million—and that the exchange’s revenue mix is changing.
A genuine market recovery still needs to be confirmed by trading volume, capital inflows, and demand for trading.
⚠️ The key to trading and investing isn’t just looking at impressive earnings figures. You need to understand where the profits come from to see the market’s true direction!
$BTC
$ETH
$HYPE
#coinbase
🔥 On 10/29, Coinbase released its 2026 Q3 earnings. The headline profit looks impressive, but beneath the surface are warning signs that the trading market is cooling!
💰 ① Key Q3 financial results
📉 Total revenue: approximately $1.22 billion, down about 35% year over year
🟢 Net income: approximately $719 million
📊 Adjusted net income: only about $78 million
💵 Adjusted EBITDA: approximately $333 million
🏦 Cash and cash equivalents: approximately $8.6 billion
⚠️ Impressive profits don’t mean the trading business has fully recovered!
🔍 ② Why is there such a huge gap between net income and adjusted net income?
💎 Gains from crypto asset investment revaluations: approximately $715 million
📉 The spot trading market remains relatively weak
📊 Trading revenue: approximately $590 million
A substantial share of this quarter’s profit came from investment revaluation gains, not everyday trading fees!
🚀 ③ Which businesses are growing?
📈 Share of crypto trading volume: 10.7%
💵 Subscription and services revenue: approximately $570 million
🪙 Average USDC held on the platform: $22 billion
🎯 Annualized revenue from prediction markets: over $200 million
👥 Coinbase One paid subscribers: up 24% year over year
🏦 ④ Is Coinbase transforming?
Coinbase is no longer relying solely on BTC and ETH spot trading fees. It is actively expanding into:
✅ Derivatives and options
✅ USDC stablecoin services
✅ Prediction markets
✅ Subscriptions, lending, and onchain finance
📈 ⑤ What impact could this have on BTC and ETH?
🟢 Business diversification supports the industry’s long-term development
🔴 Weak trading revenue reflects insufficient market activity
⚠️ Profits in an earnings report don’t mean BTC and ETH will necessarily rise
🎯 My take
The most noteworthy thing in this earnings report isn’t the $719 million in net income, but the fact that adjusted net income was only $78 million—and that the exchange’s revenue mix is changing.
A genuine market recovery still needs to be confirmed by trading volume, capital inflows, and demand for trading.
⚠️ The key to trading and investing isn’t just looking at impressive earnings figures. You need to understand where the profits come from to see the market’s true direction!
$BTC
$ETH
$HYPE
#coinbase
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🔥 At 02:13 UTC, a silent algorithm moved $200 M of BTC from a cold vault to a fresh exchange address, and moments later the headline blared: Coinbase has sealed a strategic equity stake with Centrifuge.
📊 The deal hands #Coinbase a bespoke tokenization backbone to launch on‑chain ETFs, credit notes and structured products, turning today’s $2.7 B BTC daily volume and $1.4 B ETH turnover into a bridge for institutional capital hungry for regulated exposure. With market fear at 30/100, BTC stuck at $76,847 (‑4.06 %) and futures open interest at $7.42 B while longs dominate 71 % of contracts, funding nudging +0.0100 % and the BNB smart‑money inflow
🔥 At 02:13 UTC, a silent algorithm moved $200 M of BTC from a cold vault to a fresh exchange address, and moments later the headline blared: Coinbase has sealed a strategic equity stake with Centrifuge.
📊 The deal hands #Coinbase a bespoke tokenization backbone to launch on‑chain ETFs, credit notes and structured products, turning today’s $2.7 B BTC daily volume and $1.4 B ETH turnover into a bridge for institutional capital hungry for regulated exposure. With market fear at 30/100, BTC stuck at $76,847 (‑4.06 %) and futures open interest at $7.42 B while longs dominate 71 % of contracts, funding nudging +0.0100 % and the BNB smart‑money inflow
📊 The deal hands #Coinbase a bespoke tokenization backbone to launch on‑chain ETFs, credit notes and structured products, turning today’s $2.7 B BTC daily volume and $1.4 B ETH turnover into a bridge for institutional capital hungry for regulated exposure. With market fear at 30/100, BTC stuck at $76,847 (‑4.06 %) and futures open interest at $7.42 B while longs dominate 71 % of contracts, funding nudging +0.0100 % and the BNB smart‑money inflow
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Coinbase reports $719M in net income in Q3 2026, up 66% year over year. On the chart, the bar just below it says it all: $715M in gains on crypto Coinbase holds for its own account.
What the 10-Q filed with the SEC shows for the quarter ended 09/30: operating income was only $61.7M, compared with $480.5M a year earlier. Total revenue fell to $1.22B ($1.87B in Q3 2025, -35%). Retail spot volume plunged 59% year over year, while institutional volume fell 53%. The company's reported adjusted net income dropped to $78M.
Three figures point in the opposite direction. Prediction markets, launched in February, exceed $200M in annualized revenue. Subscriptions and services now account for 49% of net revenue. And average holdings in $USDC on Coinbase hit a record $22B.
My take: the big “+66%” headline is mostly driven by the valuation of crypto on the balance sheet, an unrealized gain that can reverse as soon as the following quarter. Coinbase says it holds 18,000 $BTC. With October down about 7%, Q4 is already starting with that cushion depleted. The real signal is the mix: less spot trading, more recurring revenue and event-based betting.
Two scenarios for Q4. If the market stabilizes and prediction markets continue to grow, revenue can hold up without a spot rebound. If $BTC stays below its 09/30 closing price ($83,624 on Binance, versus about $77,700 tonight), the crypto line in the income statement could turn negative and weigh on reported earnings.
For you, is an exchange earning more from prediction markets and subscriptions than from spot a strength, or a sign that retail investors have left the market?
#Coinbase #CryptoNews
Coinbase reports $719M in net income in Q3 2026, up 66% year over year. On the chart, the bar just below it says it all: $715M in gains on crypto Coinbase holds for its own account.
What the 10-Q filed with the SEC shows for the quarter ended 09/30: operating income was only $61.7M, compared with $480.5M a year earlier. Total revenue fell to $1.22B ($1.87B in Q3 2025, -35%). Retail spot volume plunged 59% year over year, while institutional volume fell 53%. The company's reported adjusted net income dropped to $78M.
Three figures point in the opposite direction. Prediction markets, launched in February, exceed $200M in annualized revenue. Subscriptions and services now account for 49% of net revenue. And average holdings in $USDC on Coinbase hit a record $22B.
My take: the big “+66%” headline is mostly driven by the valuation of crypto on the balance sheet, an unrealized gain that can reverse as soon as the following quarter. Coinbase says it holds 18,000 $BTC . With October down about 7%, Q4 is already starting with that cushion depleted. The real signal is the mix: less spot trading, more recurring revenue and event-based betting.
Two scenarios for Q4. If the market stabilizes and prediction markets continue to grow, revenue can hold up without a spot rebound. If $BTC stays below its 09/30 closing price ($83,624 on Binance, versus about $77,700 tonight), the crypto line in the income statement could turn negative and weigh on reported earnings.
For you, is an exchange earning more from prediction markets and subscriptions than from spot a strength, or a sign that retail investors have left the market?
#Coinbase #CryptoNews
What the 10-Q filed with the SEC shows for the quarter ended 09/30: operating income was only $61.7M, compared with $480.5M a year earlier. Total revenue fell to $1.22B ($1.87B in Q3 2025, -35%). Retail spot volume plunged 59% year over year, while institutional volume fell 53%. The company's reported adjusted net income dropped to $78M.
Three figures point in the opposite direction. Prediction markets, launched in February, exceed $200M in annualized revenue. Subscriptions and services now account for 49% of net revenue. And average holdings in $USDC on Coinbase hit a record $22B.
My take: the big “+66%” headline is mostly driven by the valuation of crypto on the balance sheet, an unrealized gain that can reverse as soon as the following quarter. Coinbase says it holds 18,000 $BTC . With October down about 7%, Q4 is already starting with that cushion depleted. The real signal is the mix: less spot trading, more recurring revenue and event-based betting.
Two scenarios for Q4. If the market stabilizes and prediction markets continue to grow, revenue can hold up without a spot rebound. If $BTC stays below its 09/30 closing price ($83,624 on Binance, versus about $77,700 tonight), the crypto line in the income statement could turn negative and weigh on reported earnings.
For you, is an exchange earning more from prediction markets and subscriptions than from spot a strength, or a sign that retail investors have left the market?
#Coinbase #CryptoNews
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🚨 U.S. BITCOIN DEMAND WEAKENS — COINBASE PREMIUM HITS MULTI-YEAR LOW!
📉 The Coinbase Bitcoin Premium Index has reportedly fallen to its lowest level since November 2022, pointing to weaker buying pressure from U.S. investors.
Could the Binance hack headlines be adding to market uncertainty? 👀
⚠️ A falling premium does not confirm that institutions and whales are selling.
#bitcoin $BTC #coinbase #CryptoMarket #WhaleAlert #BinanceSquare
{future}(BTCUSDT)
🚨 U.S. BITCOIN DEMAND WEAKENS — COINBASE PREMIUM HITS MULTI-YEAR LOW!
📉 The Coinbase Bitcoin Premium Index has reportedly fallen to its lowest level since November 2022, pointing to weaker buying pressure from U.S. investors.
Could the Binance hack headlines be adding to market uncertainty? 👀
⚠️ A falling premium does not confirm that institutions and whales are selling.
#bitcoin $BTC #coinbase #CryptoMarket #WhaleAlert #BinanceSquare
📉 The Coinbase Bitcoin Premium Index has reportedly fallen to its lowest level since November 2022, pointing to weaker buying pressure from U.S. investors.
Could the Binance hack headlines be adding to market uncertainty? 👀
⚠️ A falling premium does not confirm that institutions and whales are selling.
#bitcoin $BTC #coinbase #CryptoMarket #WhaleAlert #BinanceSquare
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Coinbase has just released its third-quarter results.
Net profit of $COIN rose by 66% during this period.
The surge was mainly due to the crypto market's recovery.
Gains from its bitcoin investments also contributed.
It was a solid quarter for the platform.
What do you think of this growth?
#Coinbase #Crypto
Coinbase has just released its third-quarter results.
Net profit of $COIN rose by 66% during this period.
The surge was mainly due to the crypto market's recovery.
Gains from its bitcoin investments also contributed.
It was a solid quarter for the platform.
What do you think of this growth?
#Coinbase #Crypto
Net profit of $COIN rose by 66% during this period.
The surge was mainly due to the crypto market's recovery.
Gains from its bitcoin investments also contributed.
It was a solid quarter for the platform.
What do you think of this growth?
#Coinbase #Crypto
8
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Coinbase’s Q3 earnings were a mixed bag: revenue was $1.22 billion, down 35% year over year, while net income climbed to $719 million on unrealized crypto gains, ending a three-quarter losing streak. The books look good, but its core trading business is actually shrinking, with market share down to just 10.7%. On the bright side, prediction markets’ annualized revenue topped $200 million, and average USDC holdings hit a record $22 billion. The money hasn’t left—it’s all parked on the sidelines, waiting for a direction. $BTC around $77,346 and $BNB around $699, grinding sideways.
#Coinbase
Coinbase’s Q3 earnings were a mixed bag: revenue was $1.22 billion, down 35% year over year, while net income climbed to $719 million on unrealized crypto gains, ending a three-quarter losing streak. The books look good, but its core trading business is actually shrinking, with market share down to just 10.7%. On the bright side, prediction markets’ annualized revenue topped $200 million, and average USDC holdings hit a record $22 billion. The money hasn’t left—it’s all parked on the sidelines, waiting for a direction. $BTC around $77,346 and $BNB around $699, grinding sideways.
#Coinbase
#Coinbase
61
Coinbase’s Q3 net income rose 66% year over year to $719 million, and a bunch of accounts are already shouting, “Coinbase is raking it in.”
Don’t get carried away just yet. In the same earnings report, total revenue was down 35% year over year to just $1.22 billion. Spot trading volume also fell 8% quarter over quarter to $135 billion. Revenue is down by more than a third, while profit is up by two-thirds—when the numbers look like that, check one-off items and expenses before assuming the core business has gotten stronger.
What’s really growing is prediction markets, with annualized revenue topping $200 million, double the previous quarter. Bernstein’s point was that prediction markets and derivatives are helping fill the hole left by spot trading. A growth story for a spot exchange now depends on users guessing the outcomes of events, while stablecoin revenue rose just 3% to $328 million—basically flat.
As usual, the broker maintained its Outperform rating. One thing worth mentioning: the executive 10b5-1 stock-sale plan in the 10-Q from a couple of days ago—Armstrong can sell up to 8.17 million shares, starting in November. I have no proof it’s a coincidence that the selling window opens just as the earnings report looks good, but retail investors shouldn’t be propping up executives.
Spot is shrinking. That’s the signal I’m paying attention to.
#Coinbase #PredictionMarkets
Coinbase’s Q3 net income rose 66% year over year to $719 million, and a bunch of accounts are already shouting, “Coinbase is raking it in.”
Don’t get carried away just yet. In the same earnings report, total revenue was down 35% year over year to just $1.22 billion. Spot trading volume also fell 8% quarter over quarter to $135 billion. Revenue is down by more than a third, while profit is up by two-thirds—when the numbers look like that, check one-off items and expenses before assuming the core business has gotten stronger.
What’s really growing is prediction markets, with annualized revenue topping $200 million, double the previous quarter. Bernstein’s point was that prediction markets and derivatives are helping fill the hole left by spot trading. A growth story for a spot exchange now depends on users guessing the outcomes of events, while stablecoin revenue rose just 3% to $328 million—basically flat.
As usual, the broker maintained its Outperform rating. One thing worth mentioning: the executive 10b5-1 stock-sale plan in the 10-Q from a couple of days ago—Armstrong can sell up to 8.17 million shares, starting in November. I have no proof it’s a coincidence that the selling window opens just as the earnings report looks good, but retail investors shouldn’t be propping up executives.
Spot is shrinking. That’s the signal I’m paying attention to.
#Coinbase #PredictionMarkets
Don’t get carried away just yet. In the same earnings report, total revenue was down 35% year over year to just $1.22 billion. Spot trading volume also fell 8% quarter over quarter to $135 billion. Revenue is down by more than a third, while profit is up by two-thirds—when the numbers look like that, check one-off items and expenses before assuming the core business has gotten stronger.
What’s really growing is prediction markets, with annualized revenue topping $200 million, double the previous quarter. Bernstein’s point was that prediction markets and derivatives are helping fill the hole left by spot trading. A growth story for a spot exchange now depends on users guessing the outcomes of events, while stablecoin revenue rose just 3% to $328 million—basically flat.
As usual, the broker maintained its Outperform rating. One thing worth mentioning: the executive 10b5-1 stock-sale plan in the 10-Q from a couple of days ago—Armstrong can sell up to 8.17 million shares, starting in November. I have no proof it’s a coincidence that the selling window opens just as the earnings report looks good, but retail investors shouldn’t be propping up executives.
Spot is shrinking. That’s the signal I’m paying attention to.
#Coinbase #PredictionMarkets
22
See translation
🚨 LATEST: Coinbase CEO Brian Armstrong plans to sell up to $1.31B in $COIN shares through October 2027.
He says the sales only kick in at high price targets, and most of his net worth stays in $COIN.
#Crypto #Coinbase
🚨 LATEST: Coinbase CEO Brian Armstrong plans to sell up to $1.31B in $COIN shares through October 2027.
He says the sales only kick in at high price targets, and most of his net worth stays in $COIN .
#Crypto #Coinbase
He says the sales only kick in at high price targets, and most of his net worth stays in $COIN .
#Crypto #Coinbase
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Coinbase and Strategy Earnings: $719M and $19.5B Profits, Explained📊Most of Coinbase's profit came from crypto price gains, not trading. Here's the fine print.
Both headlines look great at first glance. Both need a second look before you decide what they mean. 🤔
📊 What Happened?
Coinbase reported a third-quarter net income of $719 million, or $2.51 per share. Analysts had expected a loss of 26 cents per share. It's the company's first profit after two losing quarters.
Strategy went much bigger. It reported $19.53 billion in net income, up from $2.79 billion a year earlier, after a $20.91 billion gain on its bitcoin.
💡 Where Coinbase's Profit Came From
Here's the detail that changes the story. $715 million of the $719 million came from valuation gains on crypto assets Coinbase holds on its balance sheet, leaving adjusted net income of $78 million.
So, the beat came mostly from crypto prices rising in the quarter, not from customers trading more.
📉 What the Business Did
Revenue was about $1.2 billion, flat from the second quarter and down 35% from a year earlier. Transaction revenue fell to $590 million, down 44% from a year earlier.
There was a bright spot. Transaction revenue beat the roughly $527 million estimate. Weak, but better than feared.
🧩 The Parts That Looked Good
Subscription and services revenue rose 3% to $570 million, with stablecoin-related revenue making up $307 million of it. Coinbase's share of crypto trading volume rose to 10.7%, its fourth straight quarterly gain.
Newer products are growing too. Prediction markets passed $200 million in annualized revenue.
🟠 Strategy: Same Pattern, Bigger Scale
Strategy's number works the same way. It's mostly the paper gain on bitcoin it holds. It held 848,517 BTC as of October 25, while revenue from its software business fell 3% to $125.4 million.
CFO Andrew Kang will step down on November 5. That's a change worth noting at a company this tied to one asset.
🧱 The Fair Counterpoint
I don't want to dismiss the gains. Holding crypto is part of both strategies, and valuation gains are real accounting income. But they swing both ways. Coinbase posted a $359.5 million net loss in the second quarter amid investment-related losses.
That's why I think the quarterly headline matters less than the underlying business.
⚠️ The Risk Scenario
If crypto prices fall, the same line that lifted profit can turn into a loss. Coinbase's trading revenue is still far below last year, and a profit made of paper gains doesn't prove that demand is back.
👀 Three Things to Watch Next
Whether Coinbase's transaction revenue keeps stabilizing.How fast stablecoin and prediction-market revenue grow.How Strategy handles the CFO transition and its funding plans.
💡 The Bottom Line
Both companies posted huge profits, and both profits came mostly from crypto prices, not from the core business. The adjusted numbers tell the quieter, more useful story.
The real question isn't whether the headline looks good. It's what the numbers look like with the price gains taken out.
That's the part worth watching.
This post is for informational and educational purposes only and is not financial advice. Crypto markets are volatile. Always conduct your own research before making financial decisions.
#BinanceSquare #Bitcoin #Coinbase #Strategy #EarningsSeason
{spot}(BTCUSDT)
{spot}(COINBUSDT)
{spot}(MSTRBUSDT)
Coinbase and Strategy Earnings: $719M and $19.5B Profits, Explained
📊Most of Coinbase's profit came from crypto price gains, not trading. Here's the fine print.
Both headlines look great at first glance. Both need a second look before you decide what they mean. 🤔
📊 What Happened?
Coinbase reported a third-quarter net income of $719 million, or $2.51 per share. Analysts had expected a loss of 26 cents per share. It's the company's first profit after two losing quarters.
Strategy went much bigger. It reported $19.53 billion in net income, up from $2.79 billion a year earlier, after a $20.91 billion gain on its bitcoin.
💡 Where Coinbase's Profit Came From
Here's the detail that changes the story. $715 million of the $719 million came from valuation gains on crypto assets Coinbase holds on its balance sheet, leaving adjusted net income of $78 million.
So, the beat came mostly from crypto prices rising in the quarter, not from customers trading more.
📉 What the Business Did
Revenue was about $1.2 billion, flat from the second quarter and down 35% from a year earlier. Transaction revenue fell to $590 million, down 44% from a year earlier.
There was a bright spot. Transaction revenue beat the roughly $527 million estimate. Weak, but better than feared.
🧩 The Parts That Looked Good
Subscription and services revenue rose 3% to $570 million, with stablecoin-related revenue making up $307 million of it. Coinbase's share of crypto trading volume rose to 10.7%, its fourth straight quarterly gain.
Newer products are growing too. Prediction markets passed $200 million in annualized revenue.
🟠 Strategy: Same Pattern, Bigger Scale
Strategy's number works the same way. It's mostly the paper gain on bitcoin it holds. It held 848,517 BTC as of October 25, while revenue from its software business fell 3% to $125.4 million.
CFO Andrew Kang will step down on November 5. That's a change worth noting at a company this tied to one asset.
🧱 The Fair Counterpoint
I don't want to dismiss the gains. Holding crypto is part of both strategies, and valuation gains are real accounting income. But they swing both ways. Coinbase posted a $359.5 million net loss in the second quarter amid investment-related losses.
That's why I think the quarterly headline matters less than the underlying business.
⚠️ The Risk Scenario
If crypto prices fall, the same line that lifted profit can turn into a loss. Coinbase's trading revenue is still far below last year, and a profit made of paper gains doesn't prove that demand is back.
👀 Three Things to Watch Next
Whether Coinbase's transaction revenue keeps stabilizing.How fast stablecoin and prediction-market revenue grow.How Strategy handles the CFO transition and its funding plans.
💡 The Bottom Line
Both companies posted huge profits, and both profits came mostly from crypto prices, not from the core business. The adjusted numbers tell the quieter, more useful story.
The real question isn't whether the headline looks good. It's what the numbers look like with the price gains taken out.
That's the part worth watching.
This post is for informational and educational purposes only and is not financial advice. Crypto markets are volatile. Always conduct your own research before making financial decisions.
#BinanceSquare #Bitcoin #Coinbase #Strategy #EarningsSeason
Both headlines look great at first glance. Both need a second look before you decide what they mean. 🤔
📊 What Happened?
Coinbase reported a third-quarter net income of $719 million, or $2.51 per share. Analysts had expected a loss of 26 cents per share. It's the company's first profit after two losing quarters.
Strategy went much bigger. It reported $19.53 billion in net income, up from $2.79 billion a year earlier, after a $20.91 billion gain on its bitcoin.
💡 Where Coinbase's Profit Came From
Here's the detail that changes the story. $715 million of the $719 million came from valuation gains on crypto assets Coinbase holds on its balance sheet, leaving adjusted net income of $78 million.
So, the beat came mostly from crypto prices rising in the quarter, not from customers trading more.
📉 What the Business Did
Revenue was about $1.2 billion, flat from the second quarter and down 35% from a year earlier. Transaction revenue fell to $590 million, down 44% from a year earlier.
There was a bright spot. Transaction revenue beat the roughly $527 million estimate. Weak, but better than feared.
🧩 The Parts That Looked Good
Subscription and services revenue rose 3% to $570 million, with stablecoin-related revenue making up $307 million of it. Coinbase's share of crypto trading volume rose to 10.7%, its fourth straight quarterly gain.
Newer products are growing too. Prediction markets passed $200 million in annualized revenue.
🟠 Strategy: Same Pattern, Bigger Scale
Strategy's number works the same way. It's mostly the paper gain on bitcoin it holds. It held 848,517 BTC as of October 25, while revenue from its software business fell 3% to $125.4 million.
CFO Andrew Kang will step down on November 5. That's a change worth noting at a company this tied to one asset.
🧱 The Fair Counterpoint
I don't want to dismiss the gains. Holding crypto is part of both strategies, and valuation gains are real accounting income. But they swing both ways. Coinbase posted a $359.5 million net loss in the second quarter amid investment-related losses.
That's why I think the quarterly headline matters less than the underlying business.
⚠️ The Risk Scenario
If crypto prices fall, the same line that lifted profit can turn into a loss. Coinbase's trading revenue is still far below last year, and a profit made of paper gains doesn't prove that demand is back.
👀 Three Things to Watch Next
Whether Coinbase's transaction revenue keeps stabilizing.How fast stablecoin and prediction-market revenue grow.How Strategy handles the CFO transition and its funding plans.
💡 The Bottom Line
Both companies posted huge profits, and both profits came mostly from crypto prices, not from the core business. The adjusted numbers tell the quieter, more useful story.
The real question isn't whether the headline looks good. It's what the numbers look like with the price gains taken out.
That's the part worth watching.
This post is for informational and educational purposes only and is not financial advice. Crypto markets are volatile. Always conduct your own research before making financial decisions.
#BinanceSquare #Bitcoin #Coinbase #Strategy #EarningsSeason
1
1
145
See translation
🇺🇸 Coinbase Returns to Profit as Crypto Exchange Reports Q3 Earnings Recovery
Coinbase returned to profitability in the third quarter of 2026 after three consecutive quarters of losses, supported by lower operating expenses and gains on crypto investments. However, transaction revenue fell 43% year over year to $590.2 million, highlighting continued weakness in trading activity. Shares dropped 3.3% in after-hours trading as investors assessed the mixed results.
Reuters
#Coinbase #CryptoNews #Bitcoin #CryptoMarket #StockMarket
$COIN · $BTC · $ETH
🇺🇸 Coinbase Returns to Profit as Crypto Exchange Reports Q3 Earnings Recovery
Coinbase returned to profitability in the third quarter of 2026 after three consecutive quarters of losses, supported by lower operating expenses and gains on crypto investments. However, transaction revenue fell 43% year over year to $590.2 million, highlighting continued weakness in trading activity. Shares dropped 3.3% in after-hours trading as investors assessed the mixed results.
Reuters
#Coinbase #CryptoNews #Bitcoin #CryptoMarket #StockMarket
$COIN · $BTC · $ETH
Coinbase returned to profitability in the third quarter of 2026 after three consecutive quarters of losses, supported by lower operating expenses and gains on crypto investments. However, transaction revenue fell 43% year over year to $590.2 million, highlighting continued weakness in trading activity. Shares dropped 3.3% in after-hours trading as investors assessed the mixed results.
Reuters
#Coinbase #CryptoNews #Bitcoin #CryptoMarket #StockMarket
$COIN · $BTC · $ETH
1
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Verified
【🔥 Crypto trading cools down, but Coinbase is making $200 million a year from prediction markets!】
[⚖️ 加入X先生的粉丝群聊跟进行情](https://app.binance.com/uni-qr/MwYFhLo4)
Crypto market trading is sluggish, but Coinbase has found a new growth path: prediction markets!
According to Coinbase’s third-quarter 2026 earnings report, annualized revenue from its prediction market business has surpassed $200 million, making it one of the company’s fastest-growing businesses.
🔍 Just how hot is this business?
Since its launch, prediction market revenue has grown at a compound quarterly rate of 82%, while the number of daily active traders has increased by more than 60% from the previous quarter.
And users’ interests are no longer limited to sports. In the third quarter, more than 50% of prediction contracts were unrelated to sports, covering a wider range of topics.
Why is Coinbase putting so much emphasis on prediction markets?
Simply put, prediction markets let users trade on the outcomes of future events—for example, whether a policy will pass, who will win a game, or whether an economic indicator will meet expectations.
They attract users to trade and also mean Coinbase is no longer reliant solely on the performance of crypto assets like Bitcoin and Ethereum.
In the third quarter, overall crypto market trading volume fell by about 10%, but Coinbase’s total revenue remained at around $1.2 billion. Prediction markets and derivatives together contributed about 25% of trading revenue.
📌 What’s really worth noting is that Coinbase is evolving from a pure-play cryptocurrency exchange into a platform offering a broader range of financial trading products.
When markets are sluggish, prediction markets, stablecoins, and subscription services are becoming new pillars of revenue.
It remains to be seen whether prediction markets can continue to grow their user base and truly reduce exchanges’ reliance on bull and bear market cycles.
#coinbase
【🔥 Crypto trading cools down, but Coinbase is making $200 million a year from prediction markets!】
⚖️ 加入X先生的粉丝群聊跟进行情
Crypto market trading is sluggish, but Coinbase has found a new growth path: prediction markets!
According to Coinbase’s third-quarter 2026 earnings report, annualized revenue from its prediction market business has surpassed $200 million, making it one of the company’s fastest-growing businesses.
🔍 Just how hot is this business?
Since its launch, prediction market revenue has grown at a compound quarterly rate of 82%, while the number of daily active traders has increased by more than 60% from the previous quarter.
And users’ interests are no longer limited to sports. In the third quarter, more than 50% of prediction contracts were unrelated to sports, covering a wider range of topics.
Why is Coinbase putting so much emphasis on prediction markets?
Simply put, prediction markets let users trade on the outcomes of future events—for example, whether a policy will pass, who will win a game, or whether an economic indicator will meet expectations.
They attract users to trade and also mean Coinbase is no longer reliant solely on the performance of crypto assets like Bitcoin and Ethereum.
In the third quarter, overall crypto market trading volume fell by about 10%, but Coinbase’s total revenue remained at around $1.2 billion. Prediction markets and derivatives together contributed about 25% of trading revenue.
📌 What’s really worth noting is that Coinbase is evolving from a pure-play cryptocurrency exchange into a platform offering a broader range of financial trading products.
When markets are sluggish, prediction markets, stablecoins, and subscription services are becoming new pillars of revenue.
It remains to be seen whether prediction markets can continue to grow their user base and truly reduce exchanges’ reliance on bull and bear market cycles.
#coinbase
⚖️ 加入X先生的粉丝群聊跟进行情
Crypto market trading is sluggish, but Coinbase has found a new growth path: prediction markets!
According to Coinbase’s third-quarter 2026 earnings report, annualized revenue from its prediction market business has surpassed $200 million, making it one of the company’s fastest-growing businesses.
🔍 Just how hot is this business?
Since its launch, prediction market revenue has grown at a compound quarterly rate of 82%, while the number of daily active traders has increased by more than 60% from the previous quarter.
And users’ interests are no longer limited to sports. In the third quarter, more than 50% of prediction contracts were unrelated to sports, covering a wider range of topics.
Why is Coinbase putting so much emphasis on prediction markets?
Simply put, prediction markets let users trade on the outcomes of future events—for example, whether a policy will pass, who will win a game, or whether an economic indicator will meet expectations.
They attract users to trade and also mean Coinbase is no longer reliant solely on the performance of crypto assets like Bitcoin and Ethereum.
In the third quarter, overall crypto market trading volume fell by about 10%, but Coinbase’s total revenue remained at around $1.2 billion. Prediction markets and derivatives together contributed about 25% of trading revenue.
📌 What’s really worth noting is that Coinbase is evolving from a pure-play cryptocurrency exchange into a platform offering a broader range of financial trading products.
When markets are sluggish, prediction markets, stablecoins, and subscription services are becoming new pillars of revenue.
It remains to be seen whether prediction markets can continue to grow their user base and truly reduce exchanges’ reliance on bull and bear market cycles.
#coinbase
1.6k
Verified
The most ironic moment of earnings season played out at Coinbase today: third-quarter revenue was $1.22 billion, down 35% year over year, while transaction revenue was $590 million, nearly halved with a 44% decline. Yet net income reached a whopping $719 million, or $2.51 per share, far exceeding Wall Street’s expectations of a loss. Where did the money come from? Not trading, but about $715 million in unrealized gains on crypto assets held on the balance sheet. Excluding that paper gain, adjusted net income was only about $78 million. The underlying business is quietly transforming: subscription and services revenue was $570 million, nearly half of net revenue; annualized revenue from prediction markets has topped $200 million; and adjusted EBITDA was $332.9 million, up 60% quarter over quarter. Earnings beat expectations, but the stock still fell after hours. The market is no longer buying paper profits—it only cares when trading volume will return. #Coinbase #Earnings
The most ironic moment of earnings season played out at Coinbase today: third-quarter revenue was $1.22 billion, down 35% year over year, while transaction revenue was $590 million, nearly halved with a 44% decline. Yet net income reached a whopping $719 million, or $2.51 per share, far exceeding Wall Street’s expectations of a loss. Where did the money come from? Not trading, but about $715 million in unrealized gains on crypto assets held on the balance sheet. Excluding that paper gain, adjusted net income was only about $78 million. The underlying business is quietly transforming: subscription and services revenue was $570 million, nearly half of net revenue; annualized revenue from prediction markets has topped $200 million; and adjusted EBITDA was $332.9 million, up 60% quarter over quarter. Earnings beat expectations, but the stock still fell after hours. The market is no longer buying paper profits—it only cares when trading volume will return. #Coinbase #Earnings
1.9k
See translation
Crypto Market Cap Contracts to $2.61 Trillion Amid Security Concerns and Coinbase Insider Share Sales❕
{spot}(COINBUSDT)
The broader digital asset market experienced a notable contraction, with total crypto market capitalization falling to $2.61 trillion as market sentiment weakened. Sentiment was further pressured by reports of a suspected Binance security breach, which allegedly resulted in at least $5.57 billion being drained from the platform.
{spot}(BNBUSDT)
In traditional equity markets linked to the sector, regulatory filings indicate that Coinbase insiders plan upcoming sales of up to 13.6 million shares. For crypto investors, active traders, and equity market participants, monitoring exchange security metrics alongside insider equity movements remains critical for risk assessment and liquidity management.
$COINB $BTC $BNB #CoinVahini #CryptoMarket #Binance #Coinbase #CyberSecurity
Crypto Market Cap Contracts to $2.61 Trillion Amid Security Concerns and Coinbase Insider Share Sales❕
The broader digital asset market experienced a notable contraction, with total crypto market capitalization falling to $2.61 trillion as market sentiment weakened. Sentiment was further pressured by reports of a suspected Binance security breach, which allegedly resulted in at least $5.57 billion being drained from the platform.
In traditional equity markets linked to the sector, regulatory filings indicate that Coinbase insiders plan upcoming sales of up to 13.6 million shares. For crypto investors, active traders, and equity market participants, monitoring exchange security metrics alongside insider equity movements remains critical for risk assessment and liquidity management.
$COINB $BTC $BNB #CoinVahini #CryptoMarket #Binance #Coinbase #CyberSecurity
The broader digital asset market experienced a notable contraction, with total crypto market capitalization falling to $2.61 trillion as market sentiment weakened. Sentiment was further pressured by reports of a suspected Binance security breach, which allegedly resulted in at least $5.57 billion being drained from the platform.
In traditional equity markets linked to the sector, regulatory filings indicate that Coinbase insiders plan upcoming sales of up to 13.6 million shares. For crypto investors, active traders, and equity market participants, monitoring exchange security metrics alongside insider equity movements remains critical for risk assessment and liquidity management.
$COINB $BTC $BNB #CoinVahini #CryptoMarket #Binance #Coinbase #CyberSecurity
34
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Three Coinbase executives have included up to 13.6 million shares $COIN in planned sales, worth about $2.2 billion at the October 29 closing price. CEO Brian Armstrong accounts for up to about 8.17 million shares, with the trading window running from November 16, 2026, to October 2027.
These are Rule 10b5-1 plans, disclosed in the company’s third-quarter SEC filing and first reported by BeInCrypto. Such plans set the timing and volume of sales in advance. They indicate that executives want to diversify some of their wealth away from a single stock, not that they are making a prediction about next quarter. Armstrong’s plan also includes conditions: sales will be executed only if the share price reaches preset thresholds.
Selling 13.6 million shares over roughly a year is likely to carry more symbolic weight than actual market impact. The first trades after November 16 will be telling.
#Coinbase #高管减持 #U.S. stocks
Three Coinbase executives have included up to 13.6 million shares $COIN in planned sales, worth about $2.2 billion at the October 29 closing price. CEO Brian Armstrong accounts for up to about 8.17 million shares, with the trading window running from November 16, 2026, to October 2027.
These are Rule 10b5-1 plans, disclosed in the company’s third-quarter SEC filing and first reported by BeInCrypto. Such plans set the timing and volume of sales in advance. They indicate that executives want to diversify some of their wealth away from a single stock, not that they are making a prediction about next quarter. Armstrong’s plan also includes conditions: sales will be executed only if the share price reaches preset thresholds.
Selling 13.6 million shares over roughly a year is likely to carry more symbolic weight than actual market impact. The first trades after November 16 will be telling.
#Coinbase #高管减持 #U.S. stocks
These are Rule 10b5-1 plans, disclosed in the company’s third-quarter SEC filing and first reported by BeInCrypto. Such plans set the timing and volume of sales in advance. They indicate that executives want to diversify some of their wealth away from a single stock, not that they are making a prediction about next quarter. Armstrong’s plan also includes conditions: sales will be executed only if the share price reaches preset thresholds.
Selling 13.6 million shares over roughly a year is likely to carry more symbolic weight than actual market impact. The first trades after November 16 will be telling.
#Coinbase #高管减持 #U.S. stocks
272
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