As per Coinomedia, Coinbase reported a Q3 profit of $432.6 million, driven by increased trading volumes and stablecoin revenue. The exchange experienced a strong rebound from earlier challenges, with Bitcoin and Ethereum price recoveries boosting user activity. Stablecoin revenue, particularly from USDC, also contributed significantly to the profit increase.
Coinbase Q3 Profit Surges to $432.6M Amid Trading and Stablecoin Growth
CoinomediaShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.