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Market Impact: 0.3
Coinbase Profit Is Mostly Crypto Gains: Rapid Earnings Reaction
Source: Nasdaq
Corporate EarningsCrypto & Digital AssetsCompany Fundamentals
Coinbase reported third-quarter net income of $719 million, while a $715 million gain on crypto held as an investment accounted for nearly all of that profit. The reported result therefore relied heavily on investment gains.
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