Coinbase Reports 55% Revenue Surge in Q3 2025 Amid Crypto Market Resurgence

San Francisco, CA – Cryptocurrency exchange Coinbase Global, Inc. has reported a robust 55% year-over-year revenue growth in the third quarter of 2025, signaling strong performance in the digital asset market. The announcement follows a period of renewed institutional and retail engagement in the crypto space. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, highlighted the company's impressive figures, stating in a recent social media post, "> Oh, you know, just another one of those $80 billion companies growing revenues 55% year-over-year."

Coinbase's Q3 earnings report, released on October 31, 2025, revealed total revenues of $1.9 billion and a net income of $432.6 million. This substantial increase was primarily driven by a resurgence in trading activity and growth in subscription-based revenue streams. Institutional clients played a significant role, accounting for 80% of the quarter's $295 billion trading volume.

The company's strategic initiatives, including its "Everything Exchange" vision, contributed to the positive results. Coinbase expanded its lineup of tradable spot assets and enhanced its derivatives offerings, while also building foundations for new verticals like tokenized stocks and prediction markets. Its deepening integration with Circle's USDC stablecoin further bolstered its market position.

Beyond financial metrics, Coinbase also increased its Bitcoin holdings by 2,772 BTC, bringing its total reserves to 14,548 BTC, valued at approximately $1.57 billion. This accumulation underscores the company's long-term belief in Bitcoin as a core asset. Assets under custody reached an all-time high, surpassing $300 billion, reflecting growing trust and investment in the platform.

The strong performance aligns with broader positive sentiment in the crypto market, as noted by industry analysts. Matt Hougan, a prominent voice in digital asset investing, has consistently pointed to the increasing institutional adoption and the potential for crypto to tap into vast addressable markets. Coinbase's significant revenue growth and expanding market capitalization, which hovered around $80 billion during this period, exemplify this trend.