Coinbase sees Q4 Subscription and Services sevenue $710M-$790M

The company said, “We expect October transaction revenue to be approximately $385 million As always, we continue to urge caution in extrapolating these results…We expect Q4 subscription and services revenue to be within $710-$790 million. Our Q4 range reflects the growth of both USDC market capitalization (which reached a new all-time high in October) and our Coinbase (COIN) One subscriber base, offset by market expectations of interest rate cuts.”