TechFlow reported on February 18 that according to crypto analyst arndxt, Coinbase's revenue structure is undergoing significant changes. Data shows that the platform's trading revenue share has declined from over 90% in 2021 to around 50% in the third quarter of 2024.
More specifically, stablecoin-related revenue now accounts for 20%, primarily derived from USDC reserve earnings through its partnership with Circle; blockchain staking rewards make up 14%, generated from staking services on networks such as Ethereum and Solana; interest income represents 5%, benefiting from yields on user deposits.
This shift in revenue composition may indicate that Coinbase is transitioning from cyclical trading revenues toward more recurring income streams.
Add to Favorites
Share to Social Media
