Coinbase Scoops 2,772 BTC in Q3, Profits Surpass Wall Street Estimates
Crypto alternate behemoth Coinbase has reported a web revenue of $432.6 million for Q3 2025, over a fivefold improve from $75.5 million in the identical interval final 12 months.
Our Q3 2025 monetary outcomes at the moment are reside. pic.twitter.com/FyukJgfDsj
— Coinbase
(@coinbase) October 30, 2025
Coinbase’s transaction income rose to $1 billion for the three months ended September 30, up from $572.5 million in 2024. Per Reuters, the surge follows “heightened volatility” in the crypto market, which boosted buying and selling volumes.
“Our institutional buying and selling revenues grew over 120% in the quarter,” mentioned Chief Financial Officer Alesia Haas. According to Haas, the brand new white-glove service for superior merchants has seen a robust traction.
We had a robust Q3 at Coinbase because of “continued progress on our Everything Exchange imaginative and prescient,” Coinbase CEO Brian Armstrong said on Thursday to investors. He added that the income have proven notable power throughout derivatives merchandise.
The complete crypto buying and selling quantity on centralized exchanges surged 7.58% to $9.72 trillion in August, per CoinDesk analysis. This marked the best month-to-month quantity of 2025.
Coinbase Buys $300M Worth BTC in Q3, Plans to Accumulate More
The firm has continued to develop its Bitcoin stash in the third quarter. Coinbase’s Bitcoin holdings grew by 2,772 BTC in Q3, Armstrong wrote on X. “And we preserve shopping for extra,” he mentioned as part of its “Everything Exchange” technique.
The detailed Q3 report mentioned that Coinbase now holds a complete of 14,548 BTC, price $1.6 billion.
“We contemplate our crypto belongings held for funding and sure crypto belongings held as collateral as different liquidity assets accessible to us,” the report learn. “In Q3, we elevated our bitcoin holdings by $299 million, pushed by weekly purchases, for our crypto funding portfolio.”
Besides, Coinbase additionally custodies Bitcoin for prime asset managers that provide spot Bitcoin exchange-traded funds (ETFs).
Growth Driven by Stablecoins
Coinbase Q3 outcomes famous that subscription income, together with stablecoin income and blockchain rewards, elevated 34.3% year-on-year to $746.7 million.
The alternate famous that almost all of stablecoin demand comes from outside the US, increasing greenback dominance globally.
Further, Coinbase’s partnership with Circle continued to yield outcomes as USDC’s market cap hit $74 billion – highest stage so far.
“Payments are clearly the following large use case for crypto,” mentioned Armstrong. “Coinbase is well-positioned for this with USDC, new partnerships, in-app funds, and our new Coinbase One Card.”
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