Coinbase Ends Q3 by Beating Street Estimates by 45%, | Crypto Work Pro
Coinbase (Nasdaq: COIN) ended the third quarter of 2025 with $1.50 in earnings per share, beating Wall Street’s expectation of $1.05 by 45 per cent. The crypto exchange’s quarterly income got here in at $1.86 billion, larger than the estimated $1.8 billion.
Revenue for the company between July and September jumped by 25 per cent in contrast with the earlier quarter.
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A Boost in Trading Activities
Transaction income at $1 billion dominated the entire determine, together with subscription and companies income of $747 million. The exchange additional earned $355 million in stablecoin income.
Revenue was significantly fuelled by an increase in trading quantity, which rose 38 per cent quarter-over-quarter. Spot quantity within the US alone additionally jumped 29 per cent.
The web income of the San Francisco-based crypto giant for the three months got here in at $433 million, with an adjusted EBITDA of $801 million.
“It was another great quarter for Coinbase,” Coinbase’s Co-founder and CEO, Brian Armstrong, mentioned within the earnings call. “Financially, Coinbase’s core business is incredibly strong, and we’re very well positioned for the opportunities ahead of us.”
Long-Term Investments Paid Off
The exchange additionally has a sturdy steadiness sheet and investment portfolio. It ended the quarter with $11.9 billion in USD assets and one other $2.6 billion in long-term crypto investments. Its Bitcoin-only investment portfolio additionally grew by $299 million.
The company now holds whole belongings of over $31 billion and liabilities exceeding $15 billion.
Meanwhile, Coinbase is increasing its market presence, each in phrases of merchandise and geographies, with new investments. It lately agreed to amass Echo in a $375 million deal, together with one other investment in Indian crypto exchange CoinDCX. Additionally, it has accomplished the acquisition of Deribit, a main crypto choices venue.
“Deribit is already the market leader in options,” mentioned Coinbase’s CFO, Alesia Haas. “They have over 75 per cent market share for options. Notably, this is all non-US, and so there are paths to grow the market for options in the US.”
This article was written by Arnab Shome at www.financemagnates.com.
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