Coinbase’s Trading Revenue Under Pressure as Crypto Market Matures
Since its inception in 2012, Coinbase Global Inc. (NASDAQ: COIN) has been a forerunner in the digital asset arena. However, the largest cryptocurrency exchange in the United States is facing a significant trading decline as the crypto market matures, a major blow to investors. Experts allude to this shift in reducing market volatility, which is impacting Coinbase's main source of revenue. The digital assets market has undergone several transformations over the years, including direct listing on the NASDAQ in April 2021 and a reduction in the average volatility from 79% in 2021 to 57% in 2024. This reduction is largely due to…
