Coinbase's revenue reached $5.75 billion in the past 12 months, surpassing Nasdaq

According to Cointelegraph, the transformation of the cryptocurrency market in the fourth quarter has led the industry to compete with Wall Street for dominance in terms of 2024 performance. Especially Coinbase has performed outstandingly, with its exchange revenue currently ranking fifth globally. Data confirms that over the past 12 months, Coinbase's revenue has reached $5.75 billion, surpassing Nasdaq and the Chicago Board Options Exchange (CBOE). Jamie Coutts, Chief Cryptocurrency Analyst at investment firm Real Vision, stated on December 17th that cryptocurrencies are eroding the market share of traditional finance (TradFi). In addition, Coinbase generates 11% of global exchange revenue, which is more than twice the total revenue of its decentralized exchange (DEX) division, although the latter is still rapidly expanding. Coutts concluded, "Of course, these comparisons are not completely equivalent (i.e. fees equal revenue), but the key is that this department has suffered heavy losses due to regulatory oversight and/or penalties, and is now poised to regain a higher rating