Coinbase Posts $719M Q3 Profit Driven by Crypto Gains; Prediction Markets Hit $200M
Summary: Coinbase posted $719 million Q3 net income, largely driven by $715 million in crypto holding gains. Adjusted net income was $78 million. Revenue fell 35% year-over-year to $1.22 billion, while prediction markets surpassed $200 million in annualized revenue.