Coinbase reports Q3 EPS $1.44, consensus $1.21

Reports Q3 revenue $1.87B-$1.80B. The company said, “Q3 was a strong quarter for Coinbase (COIN). We drove solid financial results, maintained focus on shipping innovative products, and continued building the foundation of the Everything Exchange…We are accelerating payments through stablecoin adoption, which we anticipate will continue given policy tailwinds, and ongoing adoption from financial institutions and corporates for payment and treasury needs. In Q3, USDC reached an all-time high of $74 billion in market capitalization, and average USDC held in Coinbase products reached an all-time high of over $15 billion. Additionally, we continue to scale payments with USDC, new partnerships, and crypto rewards for purchases through the CB1 Card. With regulatory clarity accelerating, crypto rails are set to power more of global GDP, and we believe Coinbase is positioned to lead. We’re progressing toward the Everything Exchange vision, and scaling payments b advancing stablecoin adoption with USDC.”