Coinbase rises after Q3 profit beat on higher trading volume

Bit Digital,

31/10/2025 10:19

** Shares of crypto trading exchange Coinbase Global COIN.O rise 4.6% to $343.56 premarket after Q3 profit beats estimates on higher trading volume

** COIN's transaction revenue jumps 83.40% y/y

** J.P.Morgan and Jefferies raise PTs

** Jefferies says adoption of crypto by other brokerages will help drive new user growth, increased trading volume and provide deeper liquidity to the market

** Brokerage adds, however, COIN's sensitivity to crypto prices remain a significant risk

** Bitcoin BTC=, world's largest cryptocurrency, up 2.1%

** COIN up 32% YTD vs 17.2% rise in bitcoin

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))