{"id":55522,"date":"2025-10-29T14:19:12","date_gmt":"2025-10-29T14:19:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=55522"},"modified":"2025-10-29T14:19:12","modified_gmt":"2025-10-29T14:19:12","slug":"coinbase-coin-earnings-report-what-to-expect-will-circle-save-coin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=55522","title":{"rendered":"Coinbase COIN Earnings Report: What To Expect? Will Circle Save COIN?"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Coinbase is not your ordinary crypto exchange. Even when most of today\u2019s Ethereum killers were concepts, the ramp helped traders and investors bet big money on 1000X coins. In 2025, Coinbase is not an exchange but a thriving ecosystem powering some of the industry\u2019s core infrastructure.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Their leaning on compliance might have pushed it down the market rankings, allowing Binance to shine. Even still, Coinbase is a crypto powerhouse. As of late October 25, Coinbase generated over $2.4 billion in 24-hour trading volume, which is roughly 10X less than what Binance and Gate processed within that window.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-302618 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T144049.625.png\" alt=\"Coinbase will release its Q3 2025 earnings report on October 20. Will Coinbase generate more revenue away from Circle?\" width=\"1303\" height=\"697\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T144049.625.png 1303w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T144049.625-300x160.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T144049.625-1024x548.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T144049.625-768x411.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T144049.625-50x27.png 50w\" sizes=\"(max-width: 1303px) 100vw, 1303px\"><\/p>\n<p><span data-preserver-spaces=\"true\">(Source: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/exchanges\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Coingecko<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While trading volume is a metric that most analysts use, they should be wary of wash trading and other manipulation tactics used to pump exchange activity in exchanges outside the United States and the EU. Coinbase\u2019s very pro-regulation stance helps clean it from wash trading, a vice that prevented the SEC from approving spot Bitcoin and Ethereum ETFs for years.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best Meme Coin ICOs to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Coinbase Q3 2025 Earnings: What to Expect?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">As crypto grew, so did Coinbase, and the demand for more services and offerings equally exploded. The exchange buckled under the pressure, expanding the number of coins to include some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">top Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Check your phone \u2013 the wait is over.<\/p>\n<p>Explore millions of assets, moments after they launch, right from the Coinbase app.<\/p>\n<p>DEX trading is live for all U.S. users (ex. NY).<\/p>\n<p>Coming soon: more assets, more networks, more countries. <a href=\"https:\/\/t.co\/XryNvDXkdL\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/XryNvDXkdL<\/a><\/p>\n<p>\u2014 Coinbase <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6e1.png\" alt=\"\ud83d\udee1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1975948467798466800?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 8, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Coinbase also went public, and COIN is now trading on NASDAQ with a market cap of over $91Bn.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After GOOGL, Meta, and Microsoft released their Q3 2025 earnings reports yesterday, on October 28, the investment community is eager to see whether Coinbase will beat analysts\u2019 expectations tomorrow, on October 30.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a press release earlier this month, on October 10, when some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\"> suddenly plunged, Coinbase Global said it would publish its Q3 2025 shareholder letter, which includes financial results, tomorrow, October 30, after market close.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Overall, analysts are cautiously optimistic but still expect a strong year-on-year rebound from a lackluster Q2 2025. The consensus is that revenue could grow to over $1.76Bn, up +44% YoY. Meanwhile, net income could balloon to over $400M, a +150% YoY change.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Drivers could include rising crypto prices, which also impact trading revenue generated from, among others, subscriptions and institutional offerings, including staking and custody. Investors should also <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.demandsage.com\/coinbase-users-statistics\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">watch<\/span><\/a><span data-preserver-spaces=\"true\"> the number of monthly transacting users (MTUs), which may grow to over 8.5M, and revenue from Circle, the USDC issuer.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">What Happened In Q2 2025? Is Coinbase Heavily Reliant on Circle For Revenue?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In Q2 2025, Coinbase\u2019s MTUs missed estimates by +10%. Therefore, an expansion in Q3 2025 could signal a revival in retail trading activity. At the same time, as one analyst notes, a big chunk of Coinbase\u2019s revenue came from Circle. This isn\u2019t good.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Coinbase retail trading volume comes in at $43 billion in Q2, under expectations of $48 billion\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/17Z0XPomX_o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">The analyst observes that a big chunk of Coinbase\u2019s $1.5Bn revenue came from its strategic investments. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although Coinbase\u2019s \u201cinvestments\u201d were completely hidden from Q2 2025 earnings, it was revealed that Coinbase only made one investment in Circle, which matured in Q2 2025.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He added that if the total revenue from Circle is deducted (at $1.47Bn, which remains paper gains until the exchange sells), Coinbase\u2019s income will fall drastically, leaving them with an operating income of $30M.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Some VERY INTERESTING numbers from <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@Coinbase<\/a>&#8216;s latest quarterly earnings.<\/p>\n<p>Mind you this company is worth $90 BILLION DOLLARS.<\/p>\n<p>Company had $2.5B in revenue and $1.5B in operating expenses. Leaving us with an net income of $1B. <\/p>\n<p>Impressive right? Not when you dig deeper. <a href=\"https:\/\/t.co\/cuxwhsz2r3\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/cuxwhsz2r3<\/a><\/p>\n<p>\u2014 Derivatives Monke (@Derivatives_Ape) <a href=\"https:\/\/twitter.com\/Derivatives_Ape\/status\/1983305454366122263?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Circle, it should be noted, went public in June 2025, and shares surged post-IPO, effectively inflating the value of Coinbase\u2019s holdings, since they own a minority stake in the USDC issuer. <\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">15+ Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Coinbase Q3 2025 Earnings Report: What to Expect?<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Coinbase is a mega exchange with millions of users<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">The Q2 2025 report was underwhelming<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Coinbase has a minority stake in Circle<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Will Coinbase beat expectations in Q3 2025?<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/coinbase-coin-earnings-report-what-to-expect-will-circle-save-coin\/\">Coinbase COIN Earnings Report: What To Expect? Will Circle Save COIN?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase is not your ordinary crypto exchange. Even when most of today\u2019s Ethereum killers were concepts, the ramp helped traders and investors bet big money on 1000X coins. In 2025, Coinbase is not an exchange but a thriving ecosystem powering some of the industry\u2019s core infrastructure. Their leaning on compliance might have pushed it down [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-55522","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55522"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55522\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}