onthebrink

For the 2023 full year, Coinbase earned $1B from stablecoins and staking (combined). This revenue is from pure crypto and blockchain industry disruption. This number is 32% of their full year revenue! Impressive.

Decentralized stuff, a good business breakdown and coffee. Trying to practice kindness.

Source: https://investor.coinbase.com/home/default.aspx

Coinbase guidance for Q1FY25 from subscriptions & services is $410-480million. If that carries on the high-end for the entire year that means subscriptions & services could be close to $2B business for the full year 2025 or 35% one year over year increase. DYOR. I'm just reading the shareholder letter.