Coinbase snaps losing streak with third-quarter revenue on lower expenditures
The Coinbase logo design on a mobile phone screen in this illustration taken November 3, 2025. REUTERS/Dado Ruvic/Illustration
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Oct 29: Cryptocurrency exchange Coinbase Global reported a quarterly revenue on Thursday, snapping a three-quarter-long streak of losses, driven by lower business expenses.
Overall business expenses in the 3rd quarter fell about 17 percent to $ 1.15 billion, compared to $ 1.39 billion for the exact same duration in the previous year.
Cryptocurrency trading activity has actually had a hard time to restore momentum this year as financiers faced moving financial policy expectations, weaker circulations into digital possession financial investment items and regular market volatility.
Deal profits dropped 43 percent to $ 590.2 million throughout the quarter, from $ 1.05 billion a year previously.
The business reported a revenue of $ 718.7 million, or $ 2.51 per share, for the quarter ended September 30, compared to $ 432.6 million, or $ 1.50 per share, a year previously.
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