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The Future of Stablecoins | Bell Curve Roundup

Empire

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Coinbase's Revenue, Transaction Revenue, and Interest Income

Coinbase's revenue is broken up into transaction revenue, which is between their consumer and institutional segments. And then we're looking at their subscription and services buckets, which are primarily staking. Then there is custodial fee revenue, interest income, and other subscriptions and services. The interest income, which has been a rocket ship has gone down a little bit. It's about a 20% decline. I'd guess that's just because USDC's market cap is continued to decline since around April or May of this year. But staking to your point, blockchain rewards has has trended up.

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