Coinbase strengthened its Bitcoin position and reported another profitable quarter, signaling robust growth as it advances toward its ambitious “Everything Exchange” model.
Coinbase Bitcoin Holdings Surge Amid Record Quarterly Earnings
Coinbase added 2,772 BTC in Q3, bringing its total Bitcoin holdings to 14,548 BTC, valued at $1.57 billion. The company’s net income jumped to $432.6 million, more than five times higher than the same quarter last year, while total revenue climbed to $1.9 billion, marking a 55% year-over-year increase.
Transaction revenue reached $1.05 billion, while subscription and services income, including stablecoin yields and blockchain rewards, grew by 34.3% to $746.7 million.
‘Everything Exchange’ Strategy Gains Momentum
Coinbase reiterated its vision to become an “Everything Exchange” — a unified platform integrating spot, derivatives, and tokenized assets. In its Q3 report, the company emphasized progress in expanding tradable assets, growing derivatives offerings, and advancing stablecoin adoption through its partnership with Circle’s USDC.
The firm is also laying groundwork for tokenized stocks, prediction markets, and early-stage token launches, positioning itself at the forefront of the Web3 financial ecosystem.
“Our goal is to make Coinbase the default financial layer for the onchain economy,” the company stated in its earnings report.
Institutional Growth and Layer-2 Expansion
Institutional clients accounted for 80% of Coinbase’s $295 billion trading volume in Q3, while assets under custody surpassed $300 billion, setting a new all-time high.
The company’s $299 million Bitcoin purchase also underscores its long-term conviction in BTC as a strategic reserve asset, complementing its role as a custodian for major Wall Street asset managers offering spot Bitcoin ETFs.
Meanwhile, adoption of Base, Coinbase’s Ethereum Layer-2 network, surged across trading, lending, and social platforms. The firm also unveiled Flashblocks, enabling 200-millisecond transaction preconfirmations, a key step toward scalable onchain finance.
With record profitability, expanding institutional demand, and a growing ecosystem across multiple verticals, Coinbase’s Q3 performance reinforces its path toward becoming the first true “Everything Exchange” — integrating crypto, finance, and Web3 innovation under one roof.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.