Cryptocurrencies

Coinbase Rises After Revenue Climbs More Than Estimates

Coinbase branding in Times Square in New York.Photographer: Michael Nagle/Bloomberg

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By Olga Kharif

October 30, 2025 at 8:27 PM UTC

Updated on

October 31, 2025 at 2:29 PM UTC

Shares of Coinbase Global Inc. rose more than 8% after the largest US crypto exchange reported revenue that exceeded Wall Street’s third-quarter estimates on the back of an uptick in trading while token prices climbed to record highs.

Revenue increased by 55% to 1.9 billion, ahead of analysts’ estimates of $1.8 billion. Revenue was $1.5 billion in the second quarter. Net income rose almost fivefold to $433 million, or $1.50 a share, from $75.5 million, or 28 cents, in the year-ago period.