Coinbase 2025 Q3 Earnings

The company provided the following crypto updates for investors

Crypto Updates

Product and Industry Updates

Coinbase Ventures has identified several key areas of growth and innovation within the crypto industry. These themes are central to Coinbase's strategy and product development.

The Rise of Onchain AI

The convergence of Crypto and AI is giving rise to a burgeoning Onchain AI economy, an ecosystem of blockchain apps and services run by autonomous AI agents. Every autonomous AI agent is like a new “user” of blockchains that can operate 24/7 and make sophisticated decisions, driving a significant increase in onchain activity and growth.

The Future of Investing is Open and Onchain

The future of startup investing is open and onchain. By becoming a group lead on Echo, the Base Ecosystem Group (led by Coinbase Ventures) will unlock broader and more dynamic capital for builders on Base.

Demystifying the Crypto x AI Stack

The future of AI can be built on blockchain technology, as crypto can help increase accessibility, transparency, and use cases within the emerging tech. The convergence of crypto’s efficiency, borderless nature, and programmability with AI has the potential to transform how humans and machines interact with the digital economy.

ELI5 – L3s

Builders that want to experiment and customize their apps, and align with an L2 for distribution, are now opting to build L3s – which are application-chains that settle to an underlying L2.

Understanding the EigenLayer AVS Landscape

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in crypto-economic security that has emerged as a leading narrative within the Ethereum community.

State of Wallets - Smart Accounts

"Smart Accounts" (or “Smart Wallets”) – which we define as smart contract wallets (SCW) with “Account Abstraction” features – have become a top-of-mind conversation among crypto developers.

State of Bridging

Bridges have emerged as core infrastructure for protocols, service providers, and users in accessing crypto use-cases.

Understanding the Zero-Knowledge Landscape

This report analyzes the emerging Zero-Knowledge (ZK) landscape and its growing impact on unsolved problems in web3 (today) related to blockchain scalability, privacy preservation, and trustless interoperability.