Coinbase Adds 2,772 BTC to Reserves in Third Quarter

Coinbase posted a 55% year-over-year revenue increase in Q3 2024, with net profit rising to $433 million and trading volume reaching $295 billion. CEO Brian Armstrong announced a December 17 unveiling of stock tokenization and prediction market initiatives, aligning with the company's 'everything exchange' strategy. This comes alongside previously reported growth in crypto reserves, including significant BTC and ETH acquisitions, reinforcing Coinbase’s expansion in both asset holdings and service offerings.

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