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Coinbase Global beats expectations as Q3 crypto trading volumes surge
Coinbase exceeds Q3 forecasts with revenues up ~84 % year-on-year thanks to rising crypto trading volumes.
Coinbase Global reported Q3 results that significantly exceeded Wall Street expectations, with transaction revenues rising to about US$1.05 billion from US$572.5 million a year earlier as crypto trading volumes jumped. The surge underscores the strong demand for digital-asset trading even amid macro uncertainty. Shares rose over 3 % after hours. Analysts said the result highlights how well-positioned key crypto platforms are in the current market cycle despite regulatory ambiguity and tighter monetary conditions.