Coinbase rises after Q3 profit beat on higher trading volume
ReutersOct 31, 2025 10:19 AM
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
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