Perceptually, it seems like coinbase over the years has become primarily an ethereum-centric company over bitcoin.

Why is this? I feel like I see a lot more initiatives toward eth l2s, wallets, ens, etc. than bitcoin-related products. Is this simply bc there's less surface area to build on? or it's less profitable?

1. There's nothing interesting to do on Bitcoin.

2. Block used to report trade volume as revenue which is very weird from an accounting perspective and grossly overstates how much money they make from Bitcoin. (it's about 1/50th to 1/100th of what it appears to be)

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

lol that’s super weird, @dwr mentioned this as well. seems really misleading that they’re allowed to report volume as revenue