EddieJayonCrypto

 17 Dec 24

tl;dr

Coinbase has surged to fifth place globally in exchange revenue, surpassing traditional stock market exchanges like Nasdaq and CBOE. The company generated $5.75 billion in revenue over the past year, accounting for 11% of global exchange revenue. This growth outpaces the decentralized exchange (DEX)...

Coinbase Surges to Fifth Place Globally in Exchange Revenue, Outpacing Nasdaq and CBOE

Coinbase has rapidly ascended to fifth place globally in exchange revenue, surpassing traditional stock market exchanges like Nasdaq and CBOE. The company generated an impressive $5.75 billion in revenue over the past year, accounting for 11% of global exchange revenue.

This growth outpaces both the decentralized exchange (DEX) sector and traditional finance, with expectations of intensified competition in 2025. According to Jamie Coutts, the chief crypto analyst at Real Vision, centralized exchanges (CEXs) and DEXs are expanding 2.5 to 4 times faster than traditional finance. With Coinbase alone accounting for 11% of global exchange revenue, it indicates significant market dominance.

Coutts further anticipates intensified competition in 2025 as traditional finance integrates crypto-related activities. Additionally, DeFi protocols could potentially outperform major cryptocurrencies like Bitcoin and Ethereum by offering attractive returns.

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