Coinbase ends three-quarter losing streak with $719M profit

Crypto Insight Summary: Coinbase managed to snap its three-quarter losing streak and pull in a profit. The exchange clocked $1.22 billion in Q3 revenue—a 35% drop from the same period last year—but still a massive win, as net income climbed 66% to $719 million. For the past three quarters, Coinbase has struggled with losses amid continued volatility in... Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Coinbase's return to profit supports crypto sentiment, but falling revenue limits broad market impact.