Coinbase Acquires 2,772 Bitcoins in Third Quarter and Profits Beat Wall Street Estimates

Giant digital currency trading platform Coinbase reported net profit of $432.6 million for the third quarter of 2025, more than five times the net profit of $75.5 million for the same period last year.

Trading revenue on the Coinbase platform reached $1 billion for the quarter ended September 30, up from $572.5 million in 2024. According to Reuters, the rise was the result of “high volatility” in the crypto market, which increased trading volumes.

“Our institutional trading revenue grew by over 120% during the quarter,” said Alesia Haas, the platform’s chief financial officer. According to Haas, the new “white glove” service for advanced traders has seen strong demand.

Brian Armstrong, CEO of Coinbase, addressed investors on Thursday and said: “We delivered a strong third quarter performance at Coinbase thanks to continued progress on our vision based… A complete platform for everythingEarnings also showed strong strength in derivatives.

Overall, the total cryptocurrency trading volume on centralized exchanges (CEXs) increased 7.58% to $9.72 trillion in August, according to CoinDesk research, the highest monthly trading volume in 2025.

Coinbase acquired $300 million worth of Bitcoin in the third quarter, and its appetite is on for more.

Coinbase continued to expand its Bitcoin inventory in the third quarter, and “we continue to buy more,” Armstrong wrote on X, as part of our “one-stop-shop” strategy.

The detailed Q3 report indicates that Coinbase now owns a total of 14,548 Bitcoins, worth $1.6 billion.

“We view our digital assets earmarked for investment, and certain of our digital assets that we hold as collateral, as additional liquidity resources at our disposal,” the report said. He added: “In the third quarter, we increased our Bitcoin holdings by $299 million through weekly purchases from our crypto investment portfolio.

Additionally, Coinbase also holds Bitcoin assets for major asset management companies that provide Bitcoin Spot ETFs.

Growth thanks to stablecoins

Coinbase’s third-quarter report also noted that subscription revenue – including stablecoin revenue and blockchain rewards – increased 34.3% year-over-year, to $746.7 million.

The platform has shown that the majority of demand for stablecoins comes from outside the United States, reinforcing the global dominance of the dollar.

Additionally, Coinbase’s partnership with Circle is yielding positive results, with the USD Coin-USDC market cap reaching $74 billion, its highest level to date.

“It’s clear that payment functionality is the next major use for cryptocurrencies, and Coinbase is ready to deliver it with USD Coin, new partnerships, in-app payments, and the new Coinbase One Card,” Armstrong said.

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