Coinbase Tops Expectations as Transaction Revenue Hits $1B
Coinbase experienced a robust third quarter, reporting total revenue of $1.9 billion, a 58% increase year-over-year. The surge was propelled by heightened trading activity and a resurgence in asset prices, with transaction revenue exceeding $1 billion, up from $365 million a year prior. Adjusted EBITDA reached $801 million, driven