Shares of Coinbase Global Inc. soared following the cryptocurrency exchange’s third-quarter earnings report, which showed $1.9 billion in revenue exceeding Wall Street forecasts. This surge was driven by a sustained rally in digital asset prices, leading to record highs for Bitcoin and other tokens throughout the year. The company saw a 55% jump in revenue compared to last year and experienced a near fivefold increase in net income, reaching $433 million from just $89 million during the same period last year. Key factors driving this success include significant growth in stablecoin transactions ($354.7 million) and the surge in derivatives trading following Coinbase’s acquisition of Deribit, which contributed $52 million to revenue.