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Coinbase's Q3 Earnings Report Exceeds Expectations, Net Profit Reaches $432.6 Million, Trading-Related Revenue Sees a 37% Quarter-over-Quarter Growth
BlockBeats News, October 31st, according to CNBC, Coinbase's Q3 financial report performance exceeded expectations, with Q3 net profit increasing from $75.5 million (28 cents per share) in the same period last year to $4.326 billion ($1.50 per share). Earnings per share surpassed the analyst consensus expectation of $1.10 from the London Stock Exchange Group.
Revenue increased from $1.21 billion in the same period last year to $1.87 billion, surpassing analysts' expectation of $18 billion. Trading-related revenue rose to $10 billion, a 37% increase from the second quarter, with retail trading revenue at $844 million, a 30% increase quarter-on-quarter. Additionally, subscription and services revenue reached $747 million.
The platform's consumer trading volume surged to $590 billion, a 37% increase from the previous quarter. Retail trading revenue reached $844 million, a 30% increase quarter-on-quarter. On the institutional side, Coinbase's third-quarter trading revenue reached $135 million, a 122% increase from the previous quarter; and third-quarter institutional trading volume grew 22% quarter-on-quarter, reaching $236 billion.
Stablecoin revenue reached $355 million, a 7% year-on-year increase. Coinbase holds $15 billion worth of USDC in its products, a 9% year-on-year increase.
Derviatives (Deribit+Coinbase) trading volume exceeded $840 billion, marking the highest level in U.S. cryptocurrency derivatives trading volume and market share.
Acquired 2,772 bitcoins, equivalent to $299 million.
CEO Armstrong stated that as part of its strategy, Coinbase is integrating prediction markets, tokenized stocks, and other products into its platform. As the scale of various digital asset markets continues to expand, and with competition intensifying under the drive of regulatory tailwinds, expanding the scope of its business is crucial to Coinbase's future growth.
Following the news of the better-than-expected financial report, Coinbase (COIN) stock price rose 3.5% after hours.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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