Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Coinbase Profit Is Mostly Crypto Gains: Rapid Earnings Reaction

Coinbase reported $719 million in net income, but a $715 million gain on crypto it holds did nearly all of the work. Here’s what the core business earned, and why gaining share wasn’t enough.

  • Coinbase reported $719M net income, mainly from crypto gains
  • Excluding crypto profits, adjusted net income dropped to $78M
  • Growth in prediction markets shows potential, but small contributor

More from Thursday 29 October →