Coinbase Q3 revenue falls 35% to $1.2B, partly offset by prediction market

[The Information] Coinbase reported third-quarter revenue of $1.2 billion, down 35% from a year ago and roughly flat versus the second quarter, as trading activity in the broader crypto market cooled. Its prediction markets business surpassed $200 million in annualized revenue, according to The Information. Net income was $719 million.