Shares of Coinbase are trading lower Thursday afternoon as investors await the company's third-quarter earnings release.
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Coinbase reported quarterly results on Thursday that showed it rode the wave of crypto enthusiasm in the quarter.
For the quarter that ended on Sept. 30, Coinbase reported adjusted earnings per share of $1.44, up from 63 cents in the same quarter of 2024, on total revenue of $1.869 billion, up 55% year-over-year.