According to Bloomberg, Coinbase reported revenue of $1.22 billion in the third quarter of 2026, a year-over-year decrease of approximately 35%, in line with market expectations. Net profit increased by approximately 66% year-over-year to $719 million, with earnings per share of $2.51, ending three consecutive quarters of losses. The profit was primarily driven by unrealized gains from crypto asset holdings. Adjusted EBITDA was $333 million. Subscription and services contributed 49% of revenue, and the forecast market business generated over $200 million in annualized revenue. Coinbase's CFO stated that the company has increased its market share in the spot and derivatives markets, further diversifying its revenue structure. However, with intensified competition from low-fee platforms like Robinhood, Coinbase recently lowered transaction fees for some active traders, raising concerns about continued pressure on its transaction fees. https://wublock123.com/news/coinbase-q3-revenue-down-35pc-to-1-22b-net-profit-719m-70978