During crypto bull markets, Coinbase sees a surge in profitability and trading revenue. Despite profitability, Coinbase stock is down 40% in the past year. Coinbase’s “everything exchange” strategy aims to thrive in all market conditions. It’s on track to post over $2.5 billion in net income annually. In Q3 2025, Coinbase reported $1.87 billion in revenue, exceeding expectations. Its total transaction revenue rose 37% from the previous quarter. Coinbase outshines struggling AI startups in terms of revenue and profitability.

Coinbase’s stock performance has been lackluster, down 27% in 2026 and 40% over the last 12 months. The company’s success is closely tied to the crypto market’s fluctuations. Coinbase’s “everything exchange” strategy expands trading options, including tokenized equities and prediction markets. Despite recent stock declines, Coinbase’s profitability remains a key factor for investors. The Motley Fool’s Stock Advisor team did not include Coinbase in their top 10 stock picks. Coinbase’s future performance depends on the success of its new strategies and the overall crypto market trends.

Read more at Nasdaq: Forget Tech Stocks: The Crypto Exchange That’s More Profitable Than AI Startups