Coinbase Q3 Net Income Surges 66% on Bitcoin Investment Gains — SkimNews
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- Coinbase reported third-quarter net income up 66%, benefiting from gains on its bitcoin investments.
- Coinbase recorded a third-quarter revenue decline amid a crypto slump, while bitcoin investment gains offset trading weakness and returned the company to profit.
Why it matters: For Coinbase shareholders, the headline is a 66% net-income increase, but the contrast is material: revenue fell and trading weakened, so bitcoin investment gains—not stronger core trading—produced the return to profit in the third quarter amid a broader crypto slump.
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