Coinbase stock crashes 10% despite $719M Q3 profit – Here’s why

Coinbase Global Inc. shares under the ticker $COIN witnessed a sharp sell-off on the 30th of October, falling 10.62% to close at $143.54 at press time. In fact, in the year so far, $COIN declined by 39.31% despite the cryptocurrency exchange reporting a return to profitability in its third-quarter 2026 earnings. All about Coinbase's Q3 2026 results According to Coinbase’s financial report, the exchange company reported net income of $719 million for the Q3 2026, compared with $433 million during the same period last year.