Coinbase Shocks Wall Street with $1B in Transaction Revenue! Here’s Why You Should Care

Well, well, well, looks like Coinbase (COIN) has surprised everyone with a third-quarter performance so good, it’s got Wall Street doing a double-take. This wasn’t just some lucky break either; it was driven by a surge in trading activity, a comeback in asset prices, and-wait for it-growth in their subscription and services business. The U.S.-based exchange proudly reported a total revenue of $1.9 billion. That’s a sweet 58% jump from the $1.2 billion last year, and it beats the $1.8 billion that so-called “experts” had predicted.