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Coinbase Returns to Profitability in Q3, but Revenue Drops 35% to $1.22 Billion
Coinbase Global Inc. returned to profitability in the third quarter for the first time in a year, though revenue fell about 35% year-over-year to $1.22 billion. The company's net income jumped approximately 66% to $719 million, primarily reflecting unrealized gains on its crypto asset holdings.
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