Coinbase: Prediction market enthusiasm offsets crypto apathy

Homepage > News > Business > Coinbase: Prediction market enthusiasm offsets crypto apathy TL;DR: The Coinbase (NASDAQ: COIN) digital asset exchange posted its first quarterly profit in a year, thanks to some favorable accounting and its new prediction market fans making up for the ever-thinning ranks of crypto traders. Meanwhile, stablecoin revenue continues to grow as Coinbase expands its product lineup and looks beyond traditional crypto trading for growth. Key Takeaways: First profit in four quarters despite ongoing declines in crypto trading activity and user numbers USDC sets more records as RLUSD looks to crash this party Prediction market, derivatives now 25% of transaction revenue, helping offset weaker spot trading Outlook for Q4: meh, with transaction revenue off to a relatively sluggish start Oh look, another data breach, this time involving a third-party analytics vendor and customer informations Coinbase reported revenue of just over $1.2 billion in the three months ending September 30, a roughly one-third decline from the same period last year but basically flat from Q2 2026’s total. Despite this statistic, net income hit a whopping $718.7 million, a sharp re...