Coinbase's transaction revenue share drops to about 50%

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According to the disclosure of the cryptocurrency analyst arndxt, the revenue structure of the cryptocurrency exchange Coinbase is undergoing significant changes. The 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. Specifically, the stablecoin revenue share has reached 20%, mainly from the yield on USDC reserves in collaboration with Circle; the blockchain staking rewards revenue share has reached 14%, from the staking service fees of networks such as ETH and SOL; the interest income share is 5%, benefiting from the yield on user deposits.

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