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Birdie_OKX
Coinbase's $719M GAAP profit looks decisive until the composition is examined: roughly $715M came from investment-asset gains, largely BTC and ETH fair-value revaluations. Adjusted income was $78M while trading revenue fell 44% year on year. Growing prediction-market activity is encouraging, but it does not yet settle the durability question.
#CoinbaseQ3ProfitReturns
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