700万。我们继续密切管理我们的开支，我们对今年迄今取得的进展感到满意。本季度末，我们共有 4,714 名员工，环比下降 11%。我们预计第四季度的员工人数将相对持平。输出：标题：Coinbase Global (COIN) 2024 年第三季度财报电话会议

Coinbase Global (COIN -3.61%)2024 年第三季度收益电话会议，美国东部时间 2024 年 10 月 30 日下午 5:30

was $391 million. Our total expenses were within the outlook ranges we provided last quarter, and we continue to exercise expense discipline across the business. We ended the quarter with 4,848 full-time employees, up 150 from last quarter.

为 3.91 亿美元。我们的总费用在我们上季度提供的展望范围内，并且我们继续在整个业务范围内实行费用纪律。本季度末，我们拥有 4,848 名全职员工，比上季度增加 150 名。

And as we shared last quarter, we expect Q4 headcount to be largely flat sequentially. Now moving on to our balance sheet. Our total USD resources were $8.2 billion, up 5% quarter over quarter. We ended the quarter with $3.3 billion of cash and cash equivalents, which is down slightly quarter over output. And our total crypto assets were $4.9 billion, up 8% quarter over quarter.

正如我们上季度分享的那样，我们预计第四季度员工人数将基本持平。现在转向我们的资产负债表。我们的美元资源总额为 82 亿美元，环比增长 5%。本季度结束时，我们的现金和现金等价物为 33 亿美元，比产出略有下降。我们的加密资产总额为 49 亿美元，环比增长 8%。

Our total assets were $11.8 billion, up 4% quarter over quarter. And finally, our total liabilities were $3.6 billion, down 1% quarter over quarter. So to conclude, we're pleased with our third quarter performance. We continue to make progress on our three financial priorities for the year, and we're excited about the opportunities ahead.

我们的总资产为 118 亿美元，环比增长 4%。最后，我们的总负债为 36 亿美元，环比下降 1%。总而言之，我们对第三季度的业绩感到满意。我们继续在今年的三项财务优先事项上取得进展，我们对未来的机遇感到兴奋。

And with that, I'll turn it over to Anil for Q&A.

接下来，我会将其交给 Anil 进行问答。

Anil Gupta -- Vice President, Investor Relations

阿尼尔·古普塔——投资者关系副总裁

Thanks, Alesia. We'll now open it up for questions. First, we'll take questions from our shareholders on the Say platform. And then we'll take questions from our research analysts. [Operator instructions] Our first question is from a shareholder on the Say platform.

谢谢，阿莱西亚。我们现在将开放提问。首先，我们将在 Say 平台上回答股东的提问。然后我们将回答研究分析师的问题。 【操作说明】我们的第一个问题来自Say平台的一位股东。

Go ahead.

前进。

Shareholder

股东

Hi, Coinbase team. I'm curious about your thoughts on the recent SEC proposal to ban payment for order flow. I'm wondering if you could share your perspective on how this might impact Coinbase's revenue and what steps you're taking to prepare for potential changes in the regulatory landscape.

大家好，Coinbase 团队。我很好奇您对美国证券交易委员会最近禁止订单流支付的提议有何看法。我想知道您是否可以分享一下您对这可能如何影响 Coinbase 收入的看法，以及您正在采取哪些措施来应对监管环境的潜在变化。

Brian Armstrong -- Co-Founder and Chief Executive Officer

布莱恩·阿姆斯特朗——联合创始人兼首席执行官

Sure. Thanks for the question. So we've been following this closely. I think it's an important topic.

当然。谢谢你的提问。所以我们一直在密切关注此事。我认为这是一个重要的话题。

I'm not going to comment on the specific proposal, but I'll just give you our general thoughts on payment for order flow, which is something we've been talking about for a long time. We think it's a really important topic. We've been a strong advocate for banning it in crypto for many years now. We think it creates a huge conflict of interest.

我不会对具体的提议发表评论，但我只是给大家提供一下我们对订单流支付的总体想法，这是我们已经讨论了很长时间的事情。我们认为这是一个非常重要的话题。多年来，我们一直大力倡导禁止加密货币。我们认为这会造成巨大的利益冲突。

It's not transparent to customers. And we think it's really harmful to markets, especially in a market like crypto where we're trying to build trust and we're trying to get more people to use it. So we think it's a really bad practice, and we're glad to see the SEC finally taking a look at it. We think it should be banned in all markets, not just in crypto.

这对客户来说并不透明。我们认为这对市场确实有害，尤其是在像加密货币这样的市场中，我们试图建立信任并试图让更多的人使用它。因此，我们认为这是一种非常糟糕的做法，我们很高兴看到 SEC 最终对此进行了审查。我们认为它应该在所有市场被禁止，而不仅仅是在加密货币领域。

But we're happy to see them starting with crypto. And I think it's going to be a really positive change for the industry.

但我们很高兴看到他们从加密货币开始。我认为这对这个行业来说将是一个非常积极的变化。

Anil Gupta -- Vice President, Investor Relations

阿尼尔·古普塔——投资者关系副总裁

Thanks, Brian. Our next question is from a research analyst. Go ahead.

谢谢，布莱恩。我们的下一个问题来自研究分析师。前进。

Unidentified Analyst

身份不明的分析师

Hi, guys. Thanks for taking my question. I wanted to ask about the institutional side of the business. You mentioned that prime brokerage and Derivatives had outperformed relative to spot.

嗨，大家好。感谢您提出我的问题。我想询问有关业务的机构方面的问题。您提到大宗经纪业务和衍生品业务的表现优于现货业务。

I was wondering if you could give us a little bit more color on what drove that outperformance and how we should be thinking about the institutional business as we look ahead into 2024.

我想知道您是否能为我们提供更多信息，说明是什么推动了这种出色的表现，以及在展望 2024 年时我们应该如何考虑机构业务。

Alesia Haas -- Chief Financial Officer

阿莱西亚·哈斯——首席财务官

Sure. So I'll start, and then I'll hand it over to Paul. So as you mentioned, we saw a relative outperformance of our prime brokerage and Derivatives business compared to our institutional spot business.

当然。那么我就开始吧，然后我会把它交给保罗。正如您所提到的，与我们的机构现货业务相比，我们的大宗经纪和衍生品业务的表现相对优异。

And this was driven by a few factors. First, we saw strong demand for our prime brokerage services from large hedge funds and other institutions, and this was largely driven by their increasing interest in crypto as an emerging asset class. Second, we saw growth in our Derivatives business, which was driven by our efforts to diversify our institutional revenue streams and expand our product offerings.

这是由几个因素驱动的。首先，我们看到大型对冲基金和其他机构对我们的大宗经纪服务的强劲需求，这在很大程度上是由于他们对加密货币作为新兴资产类别的兴趣日益浓厚。其次，我们看到了衍生品业务的增长，这是由我们努力实现机构收入来源多元化和扩大产品供应所推动的。

And third, we saw lower-than-expected institutional spot trading activity, which was partly due to the market conditions during the quarter, which led to lower overall institutional trading revenue compared to our prime brokerage and Derivatives business. Now over to you, Paul, for any additional comments.

第三，我们看到机构现货交易活动低于预期，部分原因是本季度的市场状况，导致机构交易收入总体低于我们的主经纪商和衍生品业务。保罗，现在请您提出任何补充意见。

Paul Grewal -- Chief Legal Officer

Paul Grewal——首席法律官

Yes. I'll just add that we continue to see strong interest from institutions in entering the crypto market, and we're well-positioned to capture this demand with our broad suite of institutional products and services. We're also continuing to enhance our institutional offerings, and we're excited about the growth opportunities ahead in this segment.

是的。我只想补充一点，我们继续看到机构对进入加密货币市场表现出浓厚的兴趣，并且我们有能力通过我们广泛的机构产品和服务来满足这一需求。我们还在继续增强我们的机构产品，我们对这一领域未来的增长机会感到兴奋。

Anil Gupta -- Vice President, Investor Relations

阿尼尔·古普塔——投资者关系副总裁

Thanks, Paul. Our next question is from a shareholder on the Say platform. Go ahead.

谢谢，保罗。我们的下一个问题来自 Say 平台的一位股东。前进。

Shareholder

股东

Hi, Coinbase team.

大家好，Coinbase 团队。