Coinbase Q3 revenue of $1.87B beats estimates

Coinbase's third-quarter revenue reached $1.87 billion, a 26% increase from the previous quarter that beat market estimates of $1.78 billion, Decrypt reported. The company posted a net profit of $430 million and stablecoin revenue of $350 million for the quarter. Coinbase also added that its Bitcoin holdings grew by 2,772 BTC during the same period.