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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

  • BTC Still being measured. The price reaction is recorded six hours after the first report, around .

What the sources claim

  1. 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
  2. Coinbase's revenue held flat at $1.22 billion in the third quarter.

    “as revenue held flat at $1.22 billion”
    Decrypt
  3. 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
  4. 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
  5. Average USDC in Coinbase products hit a record $22 billion.

    “Average USDC in Coinbase products hit a record $22 billion”
    The Defiant
  6. 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.