#Coinbase Q3 financial report released📊
Coinbase's third-quarter performance was lower than expected, with total revenue of $1.21 billion, up 79% year-on-year, but down 17% month-on-month. Although Q4 trading may be more active, the decline in Ethereum prices in October may offset the growth. Coinbase fell more than 4% after the market.
Highlights: Trading revenue of $573 million, subscription and service revenue of $556 million, and stablecoin revenue of $247 million. The company also announced a stock repurchase plan of up to $1 billion.
What do you think of the future of Coinbase? See you in the comments!