Coinbase stock rises after company posts higher revenue on crypto market upswing

Coinbase Global (COIN) on Thursday posted higher-than-expected profit and revenue for the third quarter, as crypto markets boosted revenue and trading activity during the period. In its third quarter, net revenue at the crypto exchange tallied $1.79 billion, up from $1.13 billion in the same quarter last year. Its trading volume during the quarter totaled $295 billion, up from $185 billion last year. Profits totaled $433 million, or $1.50 per share, up from $75.5 million in the same quarter last year. Th ...