Coinbase(COIN) - 2024 Q3 - Quarterly Results

Third Quarter 2024 October 30, 2024 $ $ Fellow Shareholders, Q3 was a solid quarter for Coinbase across our three priorities for 2024: driving revenue, crypto utility, and regulatory clarity. In Q3, we generated $1.2 billion in total revenue and $75 million in net income*. Q3 was our 7th consecutive quarter of positive Adjusted EBITDA, which was $449 million. And despite softer market conditions, we saw average native unit growth across staking, on-platform USDC, and custody, which helps diversify revenue o ...