
Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Coinbase is back in the black, though much of that came from the crypto on its own balance sheet. The exchange reported third-quarter net income of $719 million, or $2.51 per diluted share, on Thursday, ending a two-quarter losing streak. Analysts had expected a loss of 15 cents per share, according to Zacks. But about $715 million of the profit came from gains on crypto Coinbase holds as an investment. Excluding those and other investment gains, adjusted net income was $78 million. Myriad: Whic...


















