Bitcoin

<ul><li>Coinbase&#39;s non-trading revenue may surpass trading revenue in Q2 2023, as per Messari.</li><li>Despite a dip in USDC, Coinbase&#39;s interest income continues to drive gains.</li><li>Coinbase hints at integrating Bitcoin Lighting Network for global crypto payments.</li></ul><a href="https://cryptotale.org/coinbase-kickstarts-global-expansion-with-enhanced-platform-in-singapore/" rel="noopener noreferrer nofollow">Coinbase Global</a>, a premier cryptocurrency exchange platform, has reported a strategic shift in its operations, leading to a prediction of a rare flip in its revenue structure in the upcoming Q2 2023 report. For the first time, it is anticipated that Coinbase&#39;s non-trading revenue may surpass its trading revenue, which is an intriguing development. This projection comes from Messari&#39;s analysis of publicly available blockchain data.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e7304ff5ff4a4acfb67dd23491ea7d3f.png" />Coinbase has seen its spot trading volumes dip by 36% during the quarter, a strategic maneuver aimed at bolstering margins rather than simply chasing market share. However, the retail volumes, the lifeline of Coinbase&#39;s trading revenue, are believed to have experienced a less steep drop, estimated at around 14%.A key driver of Coinbase&#39;s non-trading revenue is alleged to be the interest income, primarily from stablecoin <a href="https://cryptotale.org/coinbase-saves-the-day-for-usdc-provides-3-billion-credit-line-to-circle/" rel="noopener noreferrer nofollow">USDC</a>. Nevertheless, Q2 has witnessed a notable outflow from USDC following its debugging in March 2023. Consequently, despite elevated interest rates boosting yield on USDC deposits, a 19% slump in interest income is anticipated.The much-awaited <a href="https://investor.coinbase.com/news/news-details/2023/Coinbase-Announces-Date-of-Second-Quarter-2023-Financial-Results/default.aspx" rel="noopener noreferrer nofollow">Q2 earnings</a> announcement of Coinbase Global is due on Thursday, August 3rd, after the market closure. Seeking Alpha, a behemoth, <a href="https://seekingalpha.com/symbol/COIN/earnings/estimates?hasComeFromMpArticle&#61;false" rel="noopener noreferrer nofollow">reports</a> that the estimated EPS stands at -$0.62, indicating a 29.10% year-over-year (Y/Y) growth, while the consensus revenue estimate is $638.79M, reflecting a 21.0% Y/Y decline. Historically, Coinbase has outperformed EPS estimates 63% of the time and revenue estimates 50% over the last two years.Read full article at<a href="https://cryptotale.org/coinbase-likely-to-see-non-trading-revenue-surpass-trading-in-q2/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Coinbase Likely to See Non-Trading Revenue Surpass Trading in Q2

CryptoTale

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