{"id":109239,"date":"2025-10-30T21:21:31","date_gmt":"2025-10-30T21:21:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=109239"},"modified":"2025-10-30T21:21:31","modified_gmt":"2025-10-30T21:21:31","slug":"coinbase-beats-q3-estimates-with-1-9b-revenue-buys-300m-in-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=109239","title":{"rendered":"Coinbase Beats Q3 Estimates With $1.9B Revenue, Buys $300M in Bitcoin"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Coinbase Beats Q3 Estimates With $1.9B Revenue, Buys $300M in Bitcoin<\/a><\/p>\n

<\/div>\n

Coinbase reported<\/a> stronger-than-expected third-quarter earnings Thursday, posting $1.9 billion in revenue \u2014 up 26% from the previous quarter \u2014 as renewed crypto market momentum boosted both trading and stablecoin income.\u00a0<\/p>\n

The San Francisco-based exchange notched $433 million in net profit, or $1.50 per share, surpassing Wall Street expectations of $1.10 per share on $1.8 billion in revenue.<\/p>\n

Despite a sequential decline from its record $1.4 billion profit in Q2, Coinbase attributed the drop primarily to non-cash mark-to-market adjustments related to its holdings in Circle and its crypto portfolio.\u00a0<\/p>\n

Shares of Coinbase Global (COIN) jumped more than 4% in after-hours trading to $341 following the results.\u00a0<\/p>\n

\n

JUST IN: Coinbase announced it purchased $299 million #Bitcoin<\/a> in Q3, 2025 pic.twitter.com\/7axMBTxFw0<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) October 30, 2025<\/a>\n<\/p><\/div>\n

The stock is up roughly 33% year-to-date after peaking above $440 in July.<\/p>\n

Coinbase also bought almost $300 million in BTC in Q3. CEO Brian Armstrong confirmed via an X post<\/a> that remains bullish on bitcoin, stating, \u201cCoinbase is long Bitcoin. Our holding increased by 2,772 BTC in Q3. And we keep buying more.\u201d<\/p>\n

Coinbase trading activity surges due to crypto rally<\/h2>\n

The results came as Bitcoin hit fresh all-time highs<\/a> during the quarter, fueling renewed retail and institutional activity after a quieter Q2 marked by macro headwinds.\u00a0<\/p>\n

Coinbase reported $1.0 billion in transaction revenue, up 37% from the prior quarter and 83% from a year earlier, on trading volumes of $295 billion.<\/p>\n

Institutional volume rose 22% sequentially to $236 billion, driven in part by the August acquisition of Deribit<\/a>, the world\u2019s largest crypto options exchange.\u00a0<\/p>\n

Deribit contributed $52 million in revenue during Q3 as Coinbase expanded its derivatives business to include 24\/7 perpetual futures trading in the U.S.<\/p>\n

Retail activity also rebounded, with consumer trading volume climbing 37% to $59 billion. Coinbase said new listings and decentralized exchange (DEX) integrations helped boost activity among \u201cadvanced traders\u201d the company said, while the company\u2019s platform now supports trading for roughly 90% of all crypto assets by market capitalization.<\/p>\n

Subscription and services strengthen<\/h2>\n

Coinbase continues to diversify beyond trading fees, with subscriptions and services revenue climbing 14% to $747 million.\u00a0<\/p>\n

Stablecoin revenue \u2014 largely derived from its role in distributing and managing Circle\u2019s USDC \u2014 rose to $355 million, a 43% increase year-over-year. Average USDC balances held in Coinbase products reached a record $15 billion, supported by rising market capitalization and new institutional reward programs.<\/p>\n

Blockchain rewards, including staking income, grew 28% quarter-over-quarter to $185 million, aided by surging prices for Ethereum and Solana.\u00a0<\/p>\n

Meanwhile, custodial fees<\/a> and interest income both hit new highs as total assets on the platform reached $516 billion.<\/p>\n

Building toward the \u201cEverything Exchange\u201d<\/h2>\n

Coinbase said it is progressing toward its vision of an \u201cEverything Exchange\u201d \u2014 a platform uniting spot, derivatives, and onchain services under one roof.\u00a0<\/p>\n

The exchange also highlighted ongoing development of Base<\/em>, its Ethereum layer-2 network, which has become the leading L2 for stablecoin adoption with $4.6 billion in dollar-pegged assets.<\/p>\n

CEO Brian Armstrong said Coinbase is scaling payments by \u2018advancing stablecoin adoption\u2019 and building the foundation of the future financial system.<\/p>\n

This post Coinbase Beats Q3 Estimates With $1.9B Revenue, Buys $300M in Bitcoin<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Coinbase Beats Q3 Estimates With $1.9B Revenue, Buys $300M in Bitcoin Coinbase reported stronger-than-expected third-quarter earnings Thursday, posting $1.9 billion in revenue \u2014 up 26% from the previous quarter \u2014 as renewed crypto market momentum boosted both trading and stablecoin income.\u00a0 The San Francisco-based exchange notched $433 million in net profit, or $1.50 […]<\/p>\n","protected":false},"author":0,"featured_media":109240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-109239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109239"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109239"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/109240"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}