Coinbase Global delivered a strong Q3 with 59% YoY net revenue growth and robust adjusted EBITDA, despite recent stock weakness. Coinbase's transaction revenue and monetization were excellent, though ...
Coinbase's valuation is increasingly tied to Circle/USDC, with stablecoin revenue now the largest part of its non-transaction revenue. A sum-of-the-parts approach is best for valuing Coinbase, as its ...