🛸 CASE FILE #334
COINBASE IS BACK IN PROFIT. AND GAINING MARKET SHARE.
Coinbase reported $719 MILLION in Q3 net income, marking a return to profitability.
Key numbers:
• Adjusted EBITDA: $333M (+60% QoQ)
• Prediction markets: $200M+ annualized revenue pace
• Average USDC holdings: Record $22B (+49% YoY)
• Crypto trading market share: 10.7%
The bigger picture? Coinbase is expanding beyond crypto trading while strengthening its position in the market.
Could prediction markets and stablecoins become Coinbase's next major growth engines?
COINBASE IS BACK IN PROFIT. AND GAINING MARKET SHARE.
Coinbase reported $719 MILLION in Q3 net income, marking a return to profitability.
Key numbers:
• Adjusted EBITDA: $333M (+60% QoQ)
• Prediction markets: $200M+ annualized revenue pace
• Average USDC holdings: Record $22B (+49% YoY)
• Crypto trading market share: 10.7%
The bigger picture? Coinbase is expanding beyond crypto trading while strengthening its position in the market.
Could prediction markets and stablecoins become Coinbase's next major growth engines?
