[Coinbase Q3 Revenue Down 35% YoY, Net Profit $719 Million] According to Coinbase's official financial report released on October 30th, Coinbase's total revenue for the third quarter of 2026 was $1.216 billion, compared to $1.869 billion in the same period last year, a year-on-year decrease of approximately 35%. Net profit was $719 million, adjusted net profit was $78 million, and adjusted EBITDA was $333 million, a sequential increase of 60%. By business segment, transaction revenue in the third quarter was $590 million, compared to $1.046 billion in the same period last year; subscription and service revenue was $570 million, accounting for 49% of net revenue. The average USDC holdings within Coinbase products reached a new high of $22 billion, a year-on-year increase of 49%; annualized revenue from the prediction market business has exceeded $200 million. (Note: The last sentence about USDC holdings is a separate, unrelated statement and has been omitted from the translation.) According to The Defiant, the gap between Coinbase's net profit and adjusted net profit is mainly due to returns from crypto asset investments.