Coinbase Reports Higher Earnings Despite Revenue Decline

TLDR Coinbase reported $719 million in third-quarter net income, up 66% year over year. Total revenue fell 35% annually to $1.22 billion. Crypto investment gains contributed $715 million to reported earnings. Prediction markets surpassed $200 million in annualized revenue. Coinbase’s spot trading volume declined 8% to $134.5 billion. Coinbase Global reported $719 million in net income for the third quarter of 2026, as weaker trading reduced revenue. Growth in prediction markets and services gave the exchange additional sources of income. Revenue reached $1.22 billion, flat from the previous quarter but 35% below the same period last year.