Coinbase Beats Q3 Transaction Revenue Estimates as Crypto Gains Lift Profit

Crypto Insight Summary: Average USDC in Coinbase products hit a record $22 billion; adjusted net income was $77.7 million, versus $719 million reported. Crypto Insight Analysis: Direction: Bullish COIN / Bullish USDC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Record USDC balances and stronger revenue support exchange activity, but do not materially shift the broader crypto market.