Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Summary
Crypto exchange Coinbase posted a net income of $719 million during the third quarter. The strong financial turnaround was primarily fueled by increases in the value of its digital asset holdings. Meanwhile, total revenue for the period remained steady at $1.22 billion.
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.
Source: Read the full story at Decrypt
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