Coinbase (COIN): FY25 Q3 earnings call, Oct 30, 2025
On its Oct 30, 2025 earnings call (FY25 Q3), Coinbase said 16 of the 18 words Kalshi and Polymarket listed; Parrot’s count agreed with all 18 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
18 words · 16 settled yes · our count agreed on 18 of 18- Kalshi: company speakers + operator
Kalshi - Polymarket: anyone
Polymarket
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Institution / Institutional | Yes | 14 | 15 | ✓ | 95%n=1+tx from settlement history blended with transcripts | – |
| Stablecoin | Yes | 11 | 12 | ✓ | 97%n=1+tx from settlement history blended with transcripts | – |
| Trading Volume | Yes | 9 | 9 | ✓ | 94%n=1+tx from settlement history blended with transcripts | – |
| Regulator / Regulatory / Regulation | Yes | 8 | 9 | ✓ | 95%n=1+tx from settlement history blended with transcripts | – |
| Decentralized Exchange / DEX | Yes | 5 | 5 | ✓ | 78%n=1+tx from settlement history blended with transcripts | – |
| Margin | Yes | 4 | 10 | ✓ | 82%n=1+tx from settlement history blended with transcripts | – |
| Prediction Market | Yes | 4 | 4 | ✓ | 65%transcripts from the transcript model | – |
| Custodial / Custody | Yes | 2 | 2 | ✓ | 93%n=1+tx from settlement history blended with transcripts | – |
| Subscription | Yes | 2 | 2 | ✓ | 91%n=1+tx from settlement history blended with transcripts | – |
| International | Yes | 2 | 2 | ✓ | 85%n=1+tx from settlement history blended with transcripts | – |
| Bitcoin | Yes | 1 | 1 | ✓ | 91%n=1+tx from settlement history blended with transcripts | – |
| SEC / Securities and Exchange Commission | Yes | 1 | 1 | ✓ | 89%n=1+tx from settlement history blended with transcripts | – |
| Staking / Stake | Yes | 1 | 1 | ✓ | 86%n=1+tx from settlement history blended with transcripts | – |
| Blockchain | Yes | 1 | 3 | ✓ | 85%n=1+tx from settlement history blended with transcripts | – |
| Ethereum / ETH | Yes | 1 | 1 | ✓ | 82%transcripts from the transcript model | – |
| Web3 | Yes | 1 | 1 | ✓ | 17%n=1+tx from settlement history blended with transcripts | – |
| Shutdown / Shut Down | No | 0 | 0 | ✓ | 22%transcripts from the transcript model | – |
| Crypto Winter | No | 0 | 0 | ✓ | 13%n=1+tx from settlement history blended with transcripts | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 21, 2026 04:22 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
12 matches for “Stablecoin”; 5 quoted, at least 25 words apart.
…from institutions and advanced traders. Next, let's touch on how we're accelerating stablecoin adoption by improving payments. The majority of global payments will shift to…
…high $74 billion market cap. USDC continues to be the top-performing major stablecoin in the crypto ecosystem, growing more than 2x as much as the…
…of the year, we're heads down building the Everything Exchange and scaling stablecoin payments with USDC. Speaking of which, I'm super excited to share that…
…starts with Base, which is our Layer 2 solution, USDC and other stablecoins. We've now built out payments APIs. And we're now bringing those forward…
…more efficiently manage their capital and their liquidity through instant settlement via stablecoins, while we're earning rewards now on any idle funds that they hold…
Where the listed words were said
…as stablecoin market cap hit $300 billion driven by companies and financial institutions using them for payments and treasury, and we expect policy tailwinds like…
…B2B is 75% of that, which is an early use case for stablecoins. And we're now seeing about $100 billion in annual stablecoin volume, which…
…product. As a reminder, derivatives account for about 80% of all crypto trading volume. And in Q3, we were the first to launch CFTC-regulated 24/7…
…deep technical expertise. And as finance moves to these rails with increasing regulatory clarity, we're uniquely positioned to lead and capture the upside of this…
…of spot coverage, we turbocharged our trading platform in Q3 by adding decentralized exchange or DEX integrations, which expanded access to tradable assets from about…
…where our customers really value the ability to get better leverage, better margin on their trading products. And so we think that, that is a…
…improve product innovation and velocity and increase market share? How are you thinking about listing stocks in prediction markets given the success of others. Brian?
…products, average loan balances across our institutional financing products and assets under custody. We ended the third quarter with $516 billion in assets on platform.…
…we expect October transaction revenue to be approximately $385 million. We expect subscription and services revenue to be in the range of $710 million to…
…more liquidity and just more solid sticky organic open interest growth in that platform, which has enabled more profitable growth for our international derivatives business.
…next earnings call. And I just want to add here the words Bitcoin, Ethereum, blockchain, staking and Web3 to make sure we get those in…
…factors that could cause these results to differ is included in our SEC filings. Our discussion today will also include certain non-GAAP financial measures. Reconciliations…
Agents: this page as TSV at /api/v1/appearances/coinbase:2025-10-30:earnings_call · words: /api/v1/brief?appearance=coinbase:2025-10-30:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP