Coinbase reports $719 million Q3 net income on crypto gains
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, according to Decrypt. CNBC reported net income surged 66% on bitcoin investment gains and better-than-expected earnings. The Defiant reported adjusted net income of $77.7 million versus $719 million reported, and average USDC in Coinbase products hit a record $22 billion.
Why “Unverified”
- 3 independent sources (The Defiant, Decrypt, CNBC Hedge Funds), but no primary confirmation
3 independent source groups across 3 posts · evidence score 91/100. How labels work
Market around the story
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What the sources claim
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Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings.
“Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings”
Decrypt -
Coinbase's revenue held flat at $1.22 billion in the third quarter.
“as revenue held flat at $1.22 billion”
Decrypt -
Coinbase's net income surged 66% in the third quarter, benefiting from bitcoin investment gains. BTC
“Coinbase net income surges 66% in third quarter, benefiting from bitcoin investment gains”
CNBC Hedge Funds -
Coinbase posted better-than-expected third-quarter earnings, largely due to a recovery in the cryptocurrency market.
“Coinbase posted better-than-expected earnings in the third quarter, largely due to a recovery in the cryptocurrency market.”
CNBC Hedge Funds -
Average USDC in Coinbase products hit a record $22 billion.
“Average USDC in Coinbase products hit a record $22 billion”
The Defiant -
Coinbase's adjusted net income was $77.7 million, versus $719 million reported.
“adjusted net income was $77.7 million, versus $719 million reported”
The Defiant
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-29 21:40 UTC. Labels are computed from the sources, not by the model.