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Coinbase Q3 highlights: market share, trader growth, revenue, subscribers

, 8 items in Crypto and Web3, 4 min read

In this digest (8 items)

Coinbase reported Q3 results showing a fourth straight quarter of gaining crypto trading volume market share, a 60% rise in daily prediction market traders, and an all-time high for Coinbase One subscribers. Daily prediction market traders now generate over $200M in annualized revenue.

Key points

  • 4th consecutive quarter of gaining crypto trading volume market share

  • 60% increase in daily prediction market traders, hitting $200M+ in annualized revenue

  • Coinbase One subscribers hit all-time high

Sources

Binance – potential security incident reported

Binance reports a potential security incident and notes that all collateral with exposure to exchanges resides in off-exchange custodians, not directly with the exchange. Updates will be provided as details become known.

Key points

  • Incident: potential security incident related to Binance

  • Custody: all collateral with exchange exposure resides in off-exchange custodians, not directly with the exchange

Sources

Franklin Templeton launches two ETFs, 95% equity 5% BTC

Franklin Templeton launches two ETFs that start with a 95% equity and 5% Bitcoin allocation. The ETFs let investors reinvest US equity dividends into BTC.

Key points

  • ETF launch: two new ETFs introduced

  • Allocation: starts with 95% equity and 5% Bitcoin, reinvesting US equity dividends into BTC

Sources

HyperliquidX perps launch in US by ICE and tradexyz

HyperliquidX perps will be offered in the US through a partnership between ICE and tradexyz. ICE will run regulated versions of tradexyz’s markets, using tradexyz’s expertise as the leading deployer of real-world-asset perps on Hyperliquid.

Key points

  • ICE and tradexyz are bringing Hyperliquid-based perps to the U.S.

  • ICE will operate U.S. regulated versions of tradexyz’s markets.

Sources

XE claims decentralized network and compute after 1,000+ Solana validators offline

XE says its network and compute layer are decentralized, running on machines owned by many. Over 1,000 Solana validators went offline overnight, taking about one-fifth of the stake.

Key points

  • 1,000+ Solana validators offline overnight

  • Around 1/5 of the stake went with the offline validators

Sources

The Huddle hub for Pudgy Penguins ecosystem announced

The Huddle hub for the Pudgy Penguins ecosystem was introduced, gathering Pudgy NFT collectors, $PENGU holders, and brand interactors. It is presented as a single place for the community.

Key points

  • Fact: The Huddle brings Pudgy NFT collectors, $PENGU holders, and anyone who has interacted with the Pudgy Penguins brand to one place.

  • Fact: It is the hub for the Pudgy Penguins ecosystem.

Sources

CFTC chairman asks if AI trading agent developer must register

CFTC chairman asked whether the developer of a trading AI agent should have to register and who is liable if it goes rogue. He also floated “know-your-agent” rules similar to KYC for bots. The post questions whether users would let an agent trade their account today.

Key points

  • CFTC chairman asked if the developer of a trading agent should have to register.

  • He floated know-your-agent rules, like KYC but for bots.

Sources