PANews|Oct 29, 2026 20:24
[Coinbase Reports Q3 Net Profit of $719 Million, Predicted Market Annualized Revenue Exceeds $200 Million] According to an official announcement from Coinbase, the company released its financial results for the third quarter of 2026, reporting a net profit of $719 million and adjusted net profit of $78 million; adjusted EBITDA was $333 million, a 60% increase quarter-over-quarter. Market share of crypto trading volume rose to 10.70%, marking the fourth consecutive quarter of growth; platform assets accounted for 12.50% of the total cryptocurrency market capitalization. The average USDC held across Coinbase products reached $22 billion, a 49% year-over-year increase and a record high; predicted market annualized revenue exceeded $200 million, with subscription and service revenue accounting for 49% of total net revenue; paid Coinbase One subscribers increased by 24% year-over-year, also a record high.
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