Crypto Trading

Coinbase shares rose nearly 3% after reporting Q3 earnings that exceeded expectations, driven by a resurgence in retail and institutional crypto trading. Net income reached $432.6 million, or $1.50 per share, surpassing estimates. Revenue climbed to $1.87 billion, with transaction revenue reaching $1 billion. The exchange’s growth is attributed to a more favorable regulatory environment and improving trade relations. CEO Brian Armstrong emphasized the “everything exchange” vision, expanding tradable assets to 40,000. Coinbase is integrating prediction markets and tokenized equities in response to increasing competition.