Coinbase's Q3 revenue soars 55% to $1.9B

Business Oct 31, 2025

Coinbase just had a huge third quarter—revenue shot up 55% to $1.9 billion, beating Wall Street's expectations.
This boost came as crypto prices hit new highs and more people jumped into trading.
Net income also climbed to $433 million, way up from last year.

Derivatives and stablecoins drive the momentum

A big part of the momentum came from Coinbase's push into derivatives and stablecoins. Their recent Deribit acquisition added $52 million in revenue, with options trading volumes soaring.
Altogether, Coinbase and Deribit handled over $840 billion in derivatives trades this quarter. Stablecoin activity brought in another $354 million.
CEO Brian Armstrong says more updates are coming at their December 17 product showcase.