Stablecoins Generate 20% of Coinbase’s Revenue in Q3 2025

Coinbase posted $1.87 billion in Q3 2025 revenue and $433 million net profit, with stablecoins contributing 20% of earnings, underscoring their importance in the platform’s growth.

Summary

Coinbase reported Q3 2025 revenue of $1.87 billion, marking a 55% year-on-year and 25% quarter-on-quarter increase. Net profit reached $433 million, up from $75.5 million last year, with earnings per share of $1.50 surpassing analyst expectations by 45%. Stablecoins accounted for around 20% of total revenue, reflecting their growing role in Coinbase’s business model.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to minimize price volatility.
  • Coinbase: A major U.S.-based cryptocurrency exchange that allows users to buy, sell, and store digital assets.