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Coinbase Global Inc. (COIN) reported strong financial results for Q3 FY2025, exceeding market expectations. Total revenue reached $1.869 billion, surpassing the consensus estimate of $1.803 billion, while adjusted EBITDA was $801 million, outperforming the projected $708 million. Adjusted diluted earnings per share (EPS) came in at $1.44, significantly above the $1.21 consensus. The quarter's performance was bolstered by transaction revenues and the recent acquisition of Deribit, which contributed $52 million in revenue and $30 million in operating expenses. The acquisition of Deribit has strengthened Coinbase's presence in the derivatives market, which represents approximately 75% of global crypto trading volume. Together, Coinbase and Deribit recorded over $840 billion in total derivatives volume during Q3. CEO Brian Armstrong highlighted the company's focus on innovation and diversification, particularly in payments as a growth area for cryptocurrency. Coinbase's Q3 results underscore its strategic expansion into derivatives, stablecoins, and payments, alongside its commitment to regulatory engagement, positioning the company to navigate the competitive and evolving cryptocurrency landscape effectively.
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Cathie Wood Says Bitcoin Is 'Climbing A Wall Of Worry'

Cathie Wood says Bitcoin's (CRYPTO: BTC) recent weakness is temporary, arguing that the asset is still behaving like a classic risk-on investment whil

Coinbase Shares Rise On Historic PNC Partnership

Coinbase Global Inc (NASDAQ:COIN) shares are trading higher Tuesday following a landmark announcement with PNC Financial Services Group Inc

About COIN

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users ... Read more

Ways to trade options* on COIN

Bearish Option Strategy: Long Puts

Traders buy a single put option on a stock or ETF. This strategy can benefit from a price drop while risking more capital than a spread.

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