Coinbase has announced a record $1.8 billion in net revenue for the third quarter of 2025, attributed to its global expansion and innovations in decentralized finance (DeFi). The U.S.-based cryptocurrency exchange has launched DeFi lending for USDC, expanded decentralized exchange (DEX) trading to most U.S. states, and introduced crypto staking services in New York. In addition to these developments, Coinbase has acquired Echo, invested in Coindcx, and partnered with Samsung to integrate crypto features into Galaxy devices. The company also launched new stablecoins on its Base network, provided new developer tools, and engaged in policy outreach with U.S. lawmakers to support favorable crypto regulations.