Coinbase shares ticked up nearly 3% Thursday as the digital assets company posted better-than-expected financial results, largely fueled by a resurgence in retail and institutional crypto trading on its platform, even as tokens are now just one of several assets at the center of its "everything exchange" vision.

In the quarter ended Sept. 30, Coinbase net income rose to $432.6 million, or $1.50 per share, from $75.5 million, or 28 cents per share, a year ago. Earnings topped the consensus estimate of $1.10 per share reported by LSEG.

Revenue rose to $1.87 billion from $1.21 billion in the same quarter last year, and was higher than analysts' expectations of $1.8 billion.

Revenue tied to transactions rose to $1 billion, up 37% from the second quarter.

The centralized crypto exc

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