Coinbase announced on Wednesday during its third quarter earnings report that its board of directors has approved a $1 billion stock buyback plan.

In October 2024, our board of directors authorized and approved a stock repurchase plan that allows for the repurchase of up to $1 billion of outstanding Class A common stock without a deadline. Coinbase stated, "The timing and amount of any repurchase will depend on market conditions

Coinbase also stated that its balance sheet is "robust," with $8.2 billion in US dollar resources at the end of the third quarter, an increase of $417 million from the previous quarter.

The company added that the repurchase plan will be at its own discretion and there is no obligation to repurchase any amount or quantity of Class A common stock in US dollars, and the plan may be modified, suspended, or terminated at any time.

Coinbase (COIN) stock price fell 5.33% to $200.48 in after hours trading.

Profit mostly decreases

Due to cryptocurrency prices trading at a lower level in 2023, Coinbase's net income, net profit, and adjusted EBITDA have all increased compared to the same period last year. But compared to the previous quarter, only net profit increased, reaching $75 million, higher than the $36 million in the second quarter.

Coinbase's net revenue for the third quarter was $1.13 billion, lower than the previous quarter's $1.38 billion. The adjusted EBITDA for the third quarter was $449 million, compared to $596 million in the previous quarter.

Compared to the second quarter, stablecoin revenue is one of the few sources of income that has improved. Coinbase reported its stablecoin revenue of $247 million, a slight increase from the previous quarter's $240 million, and a slight increase in company interest and other income.

We have seen a significant increase in stablecoin trading volume between quarters. We believe that this growth is partly driven by a product update that allows advanced traders to trade stablecoins more conveniently on our platform, "Coinbase said in its statement." Although we have incurred almost no fees in stablecoin trading, the adoption growth of stablecoins (especially USDC) is at the core of our strategy, as we monetize USDC through commercial arrangements with USDC issuers

data source

(责任编辑：游戏)

• ·1毫米等于多少纳米？1mm等于多少nm
• ·票链CTC价格
• ·2025年十大虚拟币交易APP排行榜介绍
• ·商城里的个体工商户怎么报税
• ·如何调理气血，从中医智慧到日常实践_如何调理气血
• ·你我贷审核时间有多久？审核流程是什么？
• ·SPND币是什么币？SPND币总量和上架交易所介绍
• ·卡尔达诺在 0.84 美元处受阻：跌幅会进一步扩大至 0.72 美元吗？
• ·在中国可以用Usdt软件那些？usdt交易所排行榜前十名
• ·虚拟币DOGB(虚拟币dogbking怎么买)
• ·绍兴北高铁站在哪里-绍兴北高铁站在哪里啊
• ·bitcoin怎么买？ bitcoin手机钱包最新免费版安装v4.0.8
• ·珠港澳大桥有多长？珠港澳大桥多少公里
• ·中信信金宝是什么业务？可以申请贷款吗？
• ·币圈十大交易所 虚拟货币交易所排行榜前十名
• ·区块链应用是什么 区块链应用是什么意思