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Coinbase snaps losing streak with third-quarter profit on crypto trading rebound

Coinbase snaps losing streak with third-quarter profit on crypto trading rebound

Oct 29 : Cryptocurrency exchange Coinbase Global reported a quarterly profit on Thursday, snapping a three-quarter streak of losses, as heightened volatility in digital asset markets boosted trading.

The company reported a profit of $718.7 million, or $2.51 per share, for the quarter ended September 30, compared with $432.6 million, or $1.50 per share, a year earlier.

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