Coinbase: Prediction market enthusiasm offsets crypto apathy

TL;DR: The Coinbase ( NASDAQ: COIN ) digital asset exchange posted its first quarterly profit in a year, thanks to some favorable accounting and its new prediction market fans making up for the ever-thinning ranks of crypto traders. Meanwhile, stablecoin revenue continues to grow as Coinbase expands its product lineup and looks beyond traditional crypto trading for growth. Coinbase reported revenue of just over $1.2 billion in the three months ending September 30, a roughly one-third decline from the same period last year but basically flat from Q2 2026’s total .