Coinbase CEO Brian Armstrong: Q3 Performance Set Records, Crypto and AI Are Reshaping the Financial System
Coinbase CEO Brian Armstrong tweeted that the financial services industry is undergoing two massive technological shifts with crypto and AI, which presents a significant opportunity for Coinbase to build a modern financial system. He highlighted that Coinbase's Q3 performance set product records across the board despite a tough market, with signs indicating a market turnaround. Key Q3 achievements include a fourth consecutive quarter of crypto trading volume market share gains, nearly doubling year-over-year, and over $200 million in annualized revenue from prediction markets, one of its fastest-growing products with over 60% QoQ daily trader growth. Coinbase also stores more crypto than any other entity globally, holds over 80 regulatory licenses, and saw its average USDC in Coinbase products and CB1 subscriptions reach new all-time highs for the 14th and 5th consecutive times, respectively.
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