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Coinbase's Explosive October: $1.8B Revenue, Citi Partnership, $1B in Bitcoin-Backed DeFi Loans

Coinbase's Explosive October: $1.8B Revenue, Citi Partnership, $1B in Bitcoin-Backed DeFi Loans

N
News Editor 01
2026-07-09 02:20:19
Coinbase reported $1.8B in Q3 net revenue, partnered with Citi, acquired Echo, invested in Coindcx, launched DeFi lending and DEX trading, surpassed $1B in bitcoin-collateralized onchain loans, and expanded to 100+ countries during an action-packed October.
CoinbaseDeFistablecoinsglobal expansioncrypto exchange

Coinbase (Nasdaq: COIN) shared an impressive slate of accomplishments from October on social media platform X, signaling a bullish trajectory for the leading U.S. crypto exchange as it advances innovation across payments, decentralized finance (DeFi), and global expansion.

Record Revenue and Strategic Partnerships

During October, Coinbase collaborated with Citi to develop new payment solutions and reported $1.8 billion in net revenue for the third quarter of 2025. The firm acquired Echo to strengthen its technological capabilities and invested in Indian crypto exchange Coindcx to enhance its presence across India and the Middle East.

DeFi and Payment Breakthroughs

Coinbase introduced DeFi lending for USDC, rolled out decentralized exchange (DEX) trading to all U.S. users except New York, and surpassed $1 billion in onchain loans collateralized by bitcoin. Additional milestones included enabling crypto staking in New York and launching the Coinbase Pay Tab, allowing users to send funds via crypto to over 100 countries.

Ecosystem Expansion and Tech Innovation

Coinbase expanded its reach through a collaboration with Samsung to bring crypto functionality to more than 75 million Galaxy users in the U.S. The company launched stablecoins XSGD and AUDD on its Base network, now featuring 16 local currencies, and introduced “Blue Carpet,” a new asset listing process designed for greater accessibility.

Coinbase Developer launched CDP Embedded Wallets for builders and unveiled the Payments MCP protocol through x402, enabling AI agents to manage wallets and onchain payments. The company also introduced new business payment tools via Coinbase Business, open-sourced its design system, and released the Coinbase One Card nationwide, which offers up to 4% in bitcoin rewards.

Policy Advocacy

Rounding out the month, Coinbase held an outreach initiative in Washington D.C. and CEO Brian Armstrong met with lawmakers to advocate for clear, innovation-friendly rules—affirming the company’s continued leadership in shaping the future of digital finance.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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