Coinbase Posts $1.86 Billion Q3 Revenue, Tops Analyst Estimates
Coinbase’s robust Q3 results, with profit surging over 470% year-on-year, boost its momentum amid $2 billion BVNK takeover talks in the evolving stablecoin market.
On Oct. 31, 2025, Coinbase reported Q3 revenue of $1.87 billion, rising 55% year-on-year and 25% quarter-on-quarter. Net profit reached $433 million versus $75.5 million a year earlier, with earnings per share of $1.50 beating analyst forecasts by 45%. This performance aligns with its late-stage negotiations to acquire London-based stablecoin infrastructure firm BVNK for about $2 billion, a deal pending due diligence and expected to close by year-end or early 2026. Coinbase has grown its Bitcoin holdings to 14,458 BTC, reflecting intensified engagement in digital asset markets amid U.S. stablecoin regulatory developments.
- Stablecoin: A cryptocurrency pegged to a stable asset like the U.S. dollar to reduce volatility, often used for payments and settlements.
- Stock tokenization: The process of creating blockchain-based tokens that represent ownership of traditional stocks, enabling fractional trading and blockchain settlement.