Coinbase Reports $433M Profit Thanks to Stablecoin Growth – Best Wallet Token Crosses $16.7M

Bitcoinist•Friday, October 31, 2025 at 1:23:02 PM

Coinbase has reported an impressive net income of $433 million for Q3, driven by a significant increase in stablecoin revenue, which reached $355 million. This growth is attributed to record average USDC balances across its products, totaling $15 billion. Additionally, Coinbase's strategic acquisition of Deribit for $2.9 billion and its partnerships with various banks are contributing to its ongoing success. The rise of the BEST token is also noteworthy, as it plays a crucial role in promoting a retail-ready economy. This news is important as it highlights the resilience and growth potential of the cryptocurrency market.

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