Reported about 8 hours ago
Coinbase Global reported a significant increase in third-quarter profits, driven by higher trading volumes due to volatility in digital assets. The company's transaction revenue soared to $1.05 billion, with net income reaching $432.6 million, compared to $75.5 million a year ago. A surge in stablecoin revenue also contributed to the overall financial growth, prompting a rise in Coinbase's stock price following the announcement.
Source: YAHOO