{"id":53169,"date":"2025-10-31T09:19:53","date_gmt":"2025-10-31T02:19:53","guid":{"rendered":"https:\/\/hbbgroup.net\/coinbase-adds-300m-bitcoin-as-it-pushes-everything-exchange-vision\/"},"modified":"2025-10-31T09:19:53","modified_gmt":"2025-10-31T02:19:53","slug":"coinbase-adds-300m-bitcoin-as-it-pushes-everything-exchange-vision","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/coinbase-adds-300m-bitcoin-as-it-pushes-everything-exchange-vision\/","title":{"rendered":"Coinbase adds $300M Bitcoin as it pushes \u2018Everything Exchange\u2019 vision"},"content":{"rendered":"<div data-v-a8d5a416>\n<p>Coinbase\u2019s Bitcoin stash grew by 2,772 BTC during the third quarter as it doubled down on its Bitcoin strategy and continued work to become an \u201cEverything Exchange.\u201d<\/p>\n<p>Coinbase\u2019s Bitcoin (<a href=\"http:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) holdings have now reached 14,548 BTC, valued at $1.57 billion, <a data-ct-non-breakable=\"null\" href=\"https:\/\/investor.coinbase.com\/files\/doc_financials\/2025\/q3\/Q3-25-Shareholder-Letter.pdf\" rel=\"noopener nofollow\" target=\"_blank\">according<\/a> to its Q3 report on Thursday. Meanwhile, net income increased over fivefold to $432.6 million year-on-year, and total revenue rose to $1.9 billion, up 55% from a year ago.\u00a0<\/p>\n<p>This was bolstered by transaction revenue, which climbed to $1.05 billion, while subscription revenue \u2014 including stablecoin revenue and blockchain rewards \u2014 rose 34.3% year-on-year to $746.7 million.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/019a376b-7881-74d1-b3dc-0df6e8617bcb\" title><figcaption><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/coinbase\/status\/1983989816820977938\" rel=\"https:\/\/x.com\/coinbase\/status\/1983989816820977938\" target=\"https:\/\/x.com\/coinbase\/status\/1983989816820977938\" title=\"https:\/\/x.com\/coinbase\/status\/1983989816820977938\"><em>Coinbase<\/em><\/a><\/figcaption><\/figure>\n<p>Coinbase said it also continued expanding its business verticals in an effort to become an \u201cEverything Exchange\u201d during the quarter.<\/p>\n<p>\u201cWe laid out our vision of an Everything Exchange last quarter, and made progress in Q3 by increasing the number of tradable spot assets, expanding our derivatives offerings, and continuing to lay the groundwork for additional pillars,\u201d Coinbase said in the report.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17870547\"><\/template><\/p>\n<p>A major part of Coinbase\u2019s <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-launching-crypto-tech-stocks-futures-index\">Everything Exchange<\/a> vision is to advance stablecoin adoption via Circle\u2019s USDC (<a href=\"http:\/\/cointelegraph.com\/usdc-price-index\">USDC<\/a>) stablecoin, in addition to tokenized stocks, prediction markets, and early-stage token sales.<\/p>\n<p>The market responded positively to the Q3 results, with COIN shares up 2.84% in after-hours trading following a near 5.8% decline during regular trading hours on Thursday, according to Google Finance data.<\/p>\n<h2>Coinbase continues to chalk up institutional revenue<\/h2>\n<p>The $299 million worth of Bitcoin buys show Coinbase\u2019s commitment to accumulating BTC as a long-term asset. It also custodies the cryptocurrency for Wall Street asset managers that offer spot Bitcoin <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/explained\/crypto-etp-outflows-explained-what-investors-need-to-know\">exchange-traded funds.<\/a><\/p>\n<p><em><strong>Related:<\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/insider-trading-sec-country-club-looking-for-a-scapegoat\"><em><strong> Insider trading is an SEC country club looking for a scapegoat<\/strong><\/em><\/a><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/019a376b-7b22-7e4e-a2d1-09e4d939ce64\" title><figcaption><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/brian_armstrong\/status\/1983994174086197687\" rel=\"https:\/\/x.com\/brian_armstrong\/status\/1983994174086197687\" target=\"https:\/\/x.com\/brian_armstrong\/status\/1983994174086197687\" title=\"https:\/\/x.com\/brian_armstrong\/status\/1983994174086197687\"><em>Coinbase<\/em><\/a><\/figcaption><\/figure>\n<p>Institutional revenue continues to dominate Coinbase trading activity, accounting for 80% of the $295 billion trading volume in Q3, while its assets under custody surpassed $300 billion, setting another all-time high.<\/p>\n<p>Interestingly, Ether\u2019s (<a href=\"http:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>) share of Coinbase transaction volume (22%) almost caught up to Bitcoin\u2019s (24%) after recording less than half the share of Bitcoin\u2019s in the previous three quarters.<\/p>\n<h2>Adoption on Base continues to unfold<\/h2>\n<p>Meanwhile, activity on the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/articles\/what-is-base-coinbase-l2-network\">Ethereum layer 2 Base<\/a> rose across trading, payments, lending, and social apps in Q3, while Coinbase also launched Flashblocks, a transaction preconfirmation feature that enables 200-millisecond block times.<\/p>\n<p>During the earnings call, Coinbase CEO <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-says-ai-writes-nearly-half-of-its-code\">Brian Armstrong<\/a> didn\u2019t share any new details on what stage the company is at with potentially launching a Base token.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/solana-vs-ethereum-etfs-facebook-influence-bitwise-hunter-horsley\/\"><em><strong>Solana vs Ethereum ETFs, Facebook\u2019s influence on Bitwise: Hunter Horsley<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>","protected":false},"excerpt":{"rendered":"<p>Coinbase\u2019s Bitcoin stash grew by 2,772 BTC during the third quarter as it doubled down on its Bitcoin strategy and [&hellip;]<\/p>","protected":false},"author":5,"featured_media":53172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-53169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/53169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=53169"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/53169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/53172"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=53169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=53169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=53169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}