Core Insights - Coinbase Global reported higher-than-expected profit and revenue for Q3, driven by increased trading activity in the crypto markets [1] - The company's net revenue reached $1.79 billion, a significant increase from $1.13 billion year-over-year [1] - Profits for the quarter totaled $433 million, or $1.50 per share, compared to $75.5 million in the same quarter last year [2] Revenue Breakdown - Transaction revenue fees rose 83% year-over-year to $1 billion [3] - Subscription and services revenue increased by 34% to a record high of $747 million [3] Trading Activity - Trading volume for the quarter was $295 billion, up from $185 billion last year [1] - Institutional trading revenues grew over 120% in the quarter, influenced by the acquisition of Deribit [7] Market Context - The stock price increased by 34% since the start of 2025, outperforming Bitcoin [2] - The Trump administration's regulatory support for the crypto industry has opened new opportunities for Coinbase [4] Strategic Initiatives - Coinbase launched a new white-glove service to attract and retain advanced traders [4] - The company has made significant acquisitions, including a $2.9 billion purchase of Deribit and a $375 million acquisition of Echo [6] Future Outlook - The company anticipates continued growth in stablecoin adoption, supported by favorable policies and institutional interest [5] - Coinbase believes it is well-positioned to lead as regulatory clarity in the crypto space increases [6]

Core Insights - Ondo Finance has expanded its tokenized securities platform to the BNB Chain, allowing access to over a hundred U.S. stocks and ETFs for BNB Chain's 3.4 million daily users [1] - The primary target for these tokenized assets is non-U.S. investors seeking exposure to U.S. markets, overcoming geographic or regulatory barriers [2] - The expansion positions Ondo in competition with other projects like Backed and Kraken's xStocks, enhancing the tokenized stock market's reach into Asia and Latin America [3] - The overall tokenized stock market has seen significant growth, doubling since August to nearly $700 million, with Ondo Global Markets holding around $320 million in total value locked [4]

Listing Announcement - Upbit, South Korea's largest crypto exchange, will list KERNEL on its KRW market [1] - Trading is scheduled to commence at 16:30 local time [1] Project Information - KernelDAO is identified as a restaking infrastructure project [1]

Crypto exchange https://t.co/hglQp7AMzv is the latest firm to apply for a national bank trust charter, joining a list that includes Coinbase and Circle. https://t.co/V9u2QI8cOn ...

Core Insights - KuCoin has launched a new mining pool service called KuPool, supporting proof-of-work assets like Dogecoin, Litecoin, and soon Bitcoin, expanding its ecosystem [1][3] - KuPool emphasizes trust and security, utilizing a verifiable hash rate mechanism for real-time tracking of contributions and payouts, and incorporates low-latency technology and multi-layer encryption [2] - The long-term goal of KuPool is to promote a balanced global hash rate distribution, aiming for sustained growth, stable returns, and strong miner retention [3] KuCoin's Expansion and Global Reach - KuCoin has surpassed 40 million registered users globally and records over $11.6 billion in daily trading volume, listing more than 1,000 crypto tokens [4] - The company launched a $2 billion "Trust Project" earlier this year to enhance transparency and security in the crypto sector [4] - KuCoin Pay has partnered with SPAR supermarkets in Switzerland for everyday crypto payments and is expanding in Southeast Asia, joining Thailand's G-Token initiative and signing an MoU with Vietnam's Blockchain and Digital Assets Association [5] Integration of Services - KuPool aims to integrate mining, trading, and payment services into a comprehensive ecosystem, further extending KuCoin's influence in the crypto market [6]

Crypto exchange @krakenfx is taking its staff on a Caribbean island jaunt in January ahead of its planned IPO next year.By @IanAllison123https://t.co/Xz3pcqZ7Uj ...

Core Insights - Robinhood has listed BNB, enhancing its position as a crypto exchange, although the immediate price impact has been minimal [1][2] - The recent listing comes amid a period of fluctuating momentum for BNB, despite its growing on-chain activity and increased presence in meme coin trading [2][5] - Robinhood's strategy to expand its crypto offerings may position it as a leader in the Web3 space, with potential long-term benefits despite short-term performance [4][5][6] Company Developments - Robinhood has been actively increasing its role as a crypto exchange, having listed several altcoins in August [4] - The platform's stock price has seen a decline since the market opened, indicating a lack of immediate investor enthusiasm following the BNB listing [2][3] Market Context - The listing of BNB on Robinhood coincides with Coinbase's announcement of a BNB listing, which may have overshadowed Robinhood's efforts [1][2] - Despite the current lull in BNB's momentum, the listing could gain significance in the future as market conditions evolve [5][6]

Group 1 - Apollo Global Management, Oppenheimer, Jane Street, and HSG invested in Kraken's recent funding round, valuing the company at $15 billion [1] - Kraken closed a $500 million funding round, with participation from institutional players indicating a shift towards the digital asset sector [2] - Kraken is expected to confidentially file for an initial public offering (IPO) with the U.S. Securities and Exchange Commission by year-end, aiming to go public in the first quarter of the next year [4] Group 2 - Kraken has been expanding aggressively, acquiring NinjaTrader for $1.5 billion and Small Exchange for $100 million, which supports the launch of a U.S.-based derivatives platform [5] - The growing institutional and corporate participation in crypto markets has contributed to the increase in major tokens' values, with Bitcoin rising over 20% this year and reaching a record high above $126,000 [6]

RT storm (@darkmarketio)coinbase built an $85b+ business in an industry that was condemned to fail, amongst a peer group of criminals, starting in 2012 when “crypto” wasn’t even a word that people understood.you don’t have to love everything they do, but it’s hard to deny they played a major role in legitimizing the asset class and gave millions of people their first on-ramp into crypto.the amount of determination and focus required to build coinbase, in spite of industry wide regulatory crackdowns and mine ...

Core Insights - Coinbase anticipates an influx of traditional finance institutions engaging with digital asset derivatives for investment and hedging purposes [1][2] - The shift in crypto derivatives market activity is expected to move from Asia to the U.S. and Europe, with a focus on non-market maker institutions [3][5] Company Developments - Coinbase acquired FairX in 2022 to provide U.S.-regulated futures and later purchased Deribit for $2.9 billion [4] - The company has evolved from a Bitcoin on/off ramp to a major player in the crypto exchange market, capturing significant spot market volume [3] Industry Trends - Traditional asset managers are beginning to explore crypto derivatives, moving beyond mere liquidity provision to more complex investment strategies [2][5] - The market is expected to see a shift towards risk-managed strategies, with institutions looking to hedge rather than speculate [5][6] - Increased participation from long-term holders is anticipated to enhance market stability and liquidity, leading to a more reliable derivatives market [6]