News
/
crypto
/
Coinbase Q3 Revenue Jumps 37%, Fueled by Resurgent Ethereum Trading

CryptoexchangesTrading Volume and Liquidity

Coinbase Q3 Revenue Jumps 37%, Fueled by Resurgent Ethereum Trading

3 days ago7 min read

Coinbase staged a strong recovery in the third quarter, with total revenue climbing 37% to reverse a prior slump, driven significantly by a rising share of Ethereum trading. The surge in activity on the world's second-largest cryptocurrency platform was largely attributed to renewed institutional and retail interest following Ethereum's successful transition to a proof-of-stake consensus mechanism, known as The Merge.While CEO Brian Armstrong reaffirmed the company's core belief in Bitcoin by adding $299 million worth of BTC to its corporate treasury, the quarter's performance highlighted Ethereum's expanding role as the engine for a more complex digital economy. The growing ecosystem of decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts on Ethereum is generating sophisticated, fee-rich transactions that benefit exchanges beyond simple spot trading.This rebound marks a stark contrast to the previous quarter's downturn, which was defined by macroeconomic pressures and regulatory uncertainty. Armstrong's substantial Bitcoin acquisition echoes a corporate strategy increasingly adopted by public companies, treating the asset as a primary treasury reserve rather than a speculative holding.However, the parallel rise in Ethereum's prominence tells a complementary story of practical utility and a digital economy being built in real-time. For traditional finance and regulators, Coinbase's results serve as a key indicator of the crypto market's developing resilience and its ability to capitalize on its own technological milestones.The company's dual-focused strategy—embracing Bitcoin as digital gold and Ethereum as the world's programmable computer—positions it to thrive across different crypto narratives. As the year concludes, the industry will watch to see if this momentum is sustainable, but the current data suggests the foundations for the next growth cycle are being built on verifiable technological progress and strengthening financial fundamentals.

#featured

#Coinbase

#Q3 revenue

#Ethereum trading

#Bitcoin accumulation

#exchange earnings

Stay Informed. Act Smarter.

Get weekly highlights, major headlines, and expert insights — then put your knowledge to work in our live prediction markets.

Related News

54 minutes ago

Miners, Robinhood Earnings and Interest-Rate Decisions: Crypto Week Ahead

3 hours ago

Hong Kong to allow crypto exchanges to access global liquidity pools

8 hours ago

The Funding: Crypto VCs discuss the next phase of DATs amid rising buybacks

14 hours ago

European Commission eyes SEC-style single supervisor over crypto, stock exchanges: FT

15 hours ago

The AWS Outage Shows Why Crypto Can't Keep Relying On Centralized Infrastructure

21 hours ago

November Could Be the New October for U.S. Crypto ETFs After Shutdown Delays SEC Decisions

2 days ago

Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin 'wARS'

2 days ago

Bitcoin’s ‘Red October’: What Happened to the Widely Anticipated Uptober Crypto Rally?

2 days ago

ARK Invest’s Crypto Exposure Tops $2.15B as Bullish Holdings Rise Across 3 Funds

2 days ago

State of Crypto: The Government Shutdown Nears a Record

2 days ago

Stablecoin Protocols Emerge as Crypto's Primary Revenue Engine, Commanding 75% of Daily Earnings

2 days ago

Analyst Touts Ethereum as Premier Crypto Ecosystem, Predicts ETH Surge Past $5,000

2 days ago

Kazakhstan Shuts 130 Crypto Platforms in Shadow Economy Crackdown.

2 days ago

Kazakhstan Shutters 130 Unlicensed Crypto Platforms in Major Financial Crime Crackdown

3 days ago

Kazakhstan shuts 130 crypto platforms in shadow economy crackdown.