TechFlow news, December 17 — According to Cointelegraph, the cryptocurrency market's transformation in the fourth quarter has positioned the industry to rival Wall Street for dominance in 2024. Coinbase stands out particularly, with its exchange revenue currently ranking fifth globally. Data shows that over the past 12 months, Coinbase generated $5.75 billion in revenue, surpassing both Nasdaq and CBOE.
In addition, Coinbase accounts for 11% of global exchange revenue. Jamie Coutts, Chief Crypto Analyst at Real Vision, summarized: "Clearly, these comparisons aren't exactly apples-to-apples (i.e., fees = revenue), but the point is this industry, despite being hamstrung by regulatory neglect and/or punishment, is now positioned for a re-rating."
