Coinbase third-quarter net income rises 66% on cryptocurrency portfolio gains
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Coinbase posted third-quarter adjusted net income of $719 million, up 66% from $433 million a year ago, or $2.51 a share, while revenue of $1.20 billion missed the $1.233 billion analysts expected. The jump reflected gains on its crypto investment portfolio as bitcoin rose 39% in the quarter through Sept. 30 and traded near $80,809. Coinbase also pushed into non-crypto products, including AI tools for traders, tokenized real-world assets, and prediction markets.
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