Coinbase Tops Expectations as Transaction Revenue Hits $1B

Coinbase (COIN) posted a stronger-than-expected third quarter, driven by a surge in trading activity, a rebound in asset prices and continued growth in its subscription and services business. The U.S.-based exchange reported total revenue of $1.9 billion, a 58% jump from $1.2 billion in the same period last year and higher than the $1.8 billion expected by FactSet analysts. Shares were up 1.5% in post-market trading, though the exchange warned investors not to make future assumptions about current results ...