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Alice Corsini
@alicecorsini
Messari expects Coinbase Q4 '23 net revenue to be 40% higher than Q3 at $866 Million. As part of its revenue diversification strategy, Coinbase is shifting focus from its flagship exchange product to a multitude of crypto infrastructure services. 1/
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Alice Corsini
@alicecorsini
Custody income from the Bitcoin ETFs and Ethereum Layer-2 Base are set to play a big role in the future, generating even higher returns for the company. @base is expected to contribute $5 Million in Q4 ‘23 and to grow higher in following quarters as onchain activity increases. 2/
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Alice Corsini
@alicecorsini
If you're interested to know more, I have a full deep-dive into the Coinbase strategy on my substack 👇 https://open.substack.com/pub/alicecorsini/p/making-sense-of-the-coinbase-strategy?r=1m9fg&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
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