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Coinbase beats estimates as crypto trading volume surges
Coinbase delivered strong Q3 profits as crypto trading volumes surged, underscoring investor interest in crypto-linked stocks despite macro uncertainty.
Coinbase Global (COIN) posted a third-quarter profit well above analysts’ expectations, driven by a sharp rise in digital asset trading volumes. Transaction revenue rose to about $1.05 billion from $572.5 million a year earlier. The result highlights how volatility in the crypto markets is boosting exchange revenues even as broader macro uncertainty persists. Shares jumped 3%+ after hours on the news, signalling renewed investor appetite for crypto-exposed equities.