Coinbase Beats Q3 Forecasts as Transaction Revenue Jumps to $1 Billion

Coinbase reported $1.9 billion in revenue for the third quarter of 2025, surpassing Wall Street expectations of $1.8 billion. This represents a 26% increase quarter-over-quarter and a 50% rise from the previous year. The net income for the quarter was $433 million, down from $1.4 billion sequentially but markedly up from $75 million year over year. Transaction revenue alone reached $1 billion, a 37% increase from the prior quarter and up from $573 million a year ago. Coinbase aims to diversify its revenue sources, with $355 million coming from stablecoin-related services, reflecting a 43% increase from the previous year. The company also signaled plans to explore token issuance for its Ethereum layer-2 network, Base, which has seen rising transaction volume and stablecoin adoption. This comes at a time when overall market conditions are expected to improve, as reflected in the company's stock performance, which has seen a 33% increase this year.

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