Coinbase (Nasdaq: COIN) founder and CEO, Brian Armstrong, made waves during the company’s Q3 2025 earnings call by turning it into a prediction market for crypto traders. Founded in 2012 by Armstrong, Coinbase has since become the leading crypto trading exchange in the U.S., serving over 100 million users. The company made history by going public on Nasdaq in 2021 and securing a spot on the prestigious S&P 500 index earlier this year.
The Q3 earnings report, released on Oct. 30, exceeded analyst expectations with an earnings per share (EPS) of $1.5 compared to the estimated $1.05. Coinbase also reported a quarterly revenue of $1.86 billion, surpassing the estimated $1.8 billion.
During the earnings call, Armstrong caught the attention of the crypto community by dropping five iconic words towards the end of the session. He mentioned “Bitcoin,” “Ethereum,” “Blockchain,” “Staking,” and “Web3” to ensure they were included in the discussion, much to the delight of prediction market participants.
The viral moment sparked reactions from industry figures, with crypto entrepreneur Anthony Pompliano calling Armstrong a “legend” for playing into the predictions. Beyond the playful exchange, the earnings call focused on Coinbase’s performance and future plans.
Coinbase CFO Alesia Haas highlighted the company’s significant investment in expanding its workforce to capitalize on new opportunities and advance its vision of the Everything Exchange. Armstrong emphasized the importance of the Everything Exchange in shaping the company’s future, with more details to be shared at a product showcase in December.
Armstrong also discussed the shift towards stablecoins for global payments, citing their efficiency and low cost. He emphasized Coinbase’s goal of becoming the number one financial app and highlighted policy developments like the GENIUS Act that would drive further stablecoin adoption.
In a strategic move, Coinbase acquired Deribit, the world’s largest crypto options trading exchange, aiming to capitalize on the growing derivatives market. Haas noted Deribit’s dominance in the options market and outlined plans to expand its presence in the U.S.
Additionally, Coinbase recently acquired Echo, an onchain capital-raising platform, to simplify fundraising processes. Haas provided insights into Coinbase’s fourth-quarter expectations, including transaction revenue, subscription and services revenue, and expenses related to tech development and marketing.
Following the earnings call, COIN stock saw a positive uptick, closing at $343.78 on Oct. 31. Despite fluctuations throughout the week, the latest increase reflects a hopeful sentiment among traders.
Overall, Coinbase’s Q3 performance and future outlook demonstrate its commitment to innovation and growth in the rapidly evolving crypto landscape. The company’s strategic acquisitions and plans for expansion position it as a key player in the digital asset ecosystem.
