Coinbase’s joint venture with USDC issuer Circle alone could contribute about $700 million of incremental revenue, JPMorgan estimates.
Additional ways Coinbase caould earn interest income are from customer fiat and its corporate cash balance, JPMorgan noted, adding up to a potential total of $1.2 billion in added revenue next year.
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.