Coinbase posts third-quarter net profit of $432.6 million, trading revenue rises to $1.05 billion

According to Foresight News, according to Reuters, Coinbase Global announced its third quarter financial results. Affected by the increase in trading volume driven by increased volatility in digital assets, the company's net profit reached $432.6 million ($1.50 per share), exceeding $75.5 million ($0.28 per share) in the same period last year; revenue increased to $1.87 billion from $1.21 billion in the same period last year; trading revenue increased to $1.05 billion from $572.5 million in the same period last year; subscription and service revenue increased 34.3% to US$746.7 million, of which stablecoin revenue was US$354.7 million, compared with US$246.9 million in the same period last year.
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