According to CoinMeta, Coinbase announced its net revenue for the third quarter to be $719 million, with adjusted EBITDA growing by 60% in just one quarter to reach $333 million. This marks the 15th consecutive quarter that Coinbase has achieved profitability. The market predicts that annual revenue will exceed $200 million, making it one of the fastest-growing products in Coinbase's history. At the same time, the average holding of USDC on Coinbase reached a record $22 billion, an increase of 49% year-on-year. In addition, its market share in encrypted transactions has risen to 10.7% for the fourth consecutive quarter.