@gotoalberto
The Coinbase 2024 revenue report is available! https://s27.q4cdn.com/397450999/files/doc_financials/2024/q4/Q4-24-Shareholder-Letter.pdf Here the highlights👇
👉 cbBTC
In Q3, Coinbase introduced cbBTC, a new digital asset that allows users to put their Bitcoin to work in DeFi and other onchain applications. Essentially, cbBTC is a version of Bitcoin that can be used in different financial services like lending, borrowing, and trading on networks like Ethereum and Base. Each cbBTC is fully backed by Bitcoin held in Coinbase’s secure custody, in order to ensure that customers’ assets are safe and transparent. By launching cbBTC, we are unlocking new ways for users to transact with their assets onchain.
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