Coinbase to pursue three new businesses in response to declining transaction fees
COIN Coinbase Global Inc
$136.27 +3.13%
View chart & analysis → - 1Coinbase aims to diversify its revenue structure through stablecoin, subscription, and prediction market businesses as transaction fee income decreases.
- 2Stock Advisor has recorded a total average return of 835% since its inception.
- 3This performance compares to the S&P 500 return of 208%.
So what's the key point?
Coinbase has decided to start new businesses because the money it earns from transaction fees has decreased. It is trying to handle the situation by changing its methods of generating profit into various types.
Source The Motley Fool +1 · View original ↗
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