Coinbase Reports $1.9B Q3 Revenue as Stablecoin Segment Grows

Coinbase reported impressive Q3 earnings, with $1.9 billion in revenue, net income of $433 million, and EBITDA of $801 million. The company’s strong performance was largely driven by stablecoin products, showing resilience despite lower trading volumes. Analysts are optimistic about Coinbase’s diversification efforts, with stablecoin expansion seen as a long-term growth engine, reducing its reliance on volatile trading revenues.