Analyst: Coinbase's trading revenue in the past 12 months reached $5.75 billion, surpassing Nasdaq
ChainCatcher news, according to Decrypt, a crypto analyst from Coutts Private Bank revealed that Coinbase's trading revenue over the past 12 months has surpassed that of Nasdaq, one of the two largest stock exchanges in the world. In the past 12 months, Coinbase's trading revenue reached $5.75 billion, while Nasdaq's trading revenue was $4.54 billion. Meanwhile, Coinbase has also surpassed the Hong Kong Stock Exchange (HKEX) and Brazil's B3 exchange.Despite the rapid growth of Coinbase's trading revenue, there is still a gap compared to the world's largest exchanges. For example, the London Stock Exchange (LSE) and Intercontinental Exchange (ICE) had trading revenues of $10.82 billion and $9.16 billion, respectively, far exceeding Coinbase. Analysts pointed out that although Coinbase's trading volume is lower than that of other major exchanges, its trading revenue remains high due to its higher trading fees. Analysts also predict that Coinbase may continue to surpass traditional exchanges by 2025, becoming the third-largest exchange in the world, but it may take 10 to 20 years to surpass Nasdaq in trading volume. Additionally, Coinbase's potential for expansion in international markets is also key to its future growth, especially in regions such as Latin America, Africa, and Europe.