Coinbase’s trailing 12-month revenue reaches $5.75 billion, surpassing Nasdaq

PANews reported on December 17 that according to Cointelegraph, the transformation of the crypto market in the fourth quarter has left the industry competing with Wall Street for dominance in terms of performance in 2024. In particular, Coinbase has performed well, and its exchange revenue currently ranks fifth in the world. Data confirms that Coinbase’s revenue reached $5.75 billion in the past 12 months, surpassing Nasdaq and Chicago Board Options Exchange (CBOE). Jamie Coutts, chief cryptocurrency analyst at the investment company Real Vision, said on December 17 that cryptocurrencies are cannibalizing the share of traditional finance (TradFi).

Furthermore, Coinbase generates 11% of global exchange revenue, which is more than double the decentralized exchange (DEX) sector combined, although the latter is still expanding rapidly. Coutts concluded: “Of course, these comparisons are not entirely apples-to-apples (i.e. fees equal revenue), but the point is that this sector has been decimated by regulatory neglect and/or penalties and is now poised to regain higher levels of Rating."