Friday, 30 October, 2026
Portfolio Cushion: Crypto Investment Gains Rescue Coinbase Profit
By TechShots Studio
Coinbase snapped a three-quarter losing streak to post a $718.7 million profit, relying on paper gains from its crypto investments and sharp cost cuts to offset sluggish retail trading. Overall revenue dropped 35% as transaction volume plunged amid broader market volatility, but strength in subscription services, derivatives, and prediction markets helped cushion the downturn.
Read full story at REUTERS