📰 【Coinbase Reports Record 8.6% Market Share and $200 Million Derivatives Revenue】



Coinbase reports a record cryptocurrency market share, with derivatives, stablecoins, and on-chain products gaining increasing attention. The company's quarterly trading volume reached $202 billion, and it stated that retail derivatives annualized revenue exceeded $200 million. Coinba...

This data looks quite impressive, but essentially it is just the gentle world of Wall Street compliant players. With a quarterly trading volume of $20 billion and $200 million in derivatives revenue, the net profit margin is only about 1%. Truly on-chain casinos are collecting ten times this amount in fees every minute. Coinbase is just a dancer wearing shackles, unable to make waves in the compliant pond.

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