Why I just Bought more COIN?
Its clear that the derivative market is huge as the volume drives most of the fees and revenue. USDC inflows into Coinbase is huge with most of it landing onchain. USDC staking rewards and interest payments are huge as they are leveraging the high interest payments from US treasury.
Additionally, Coinbase wallet is a HUGE revenue stream. They are going to onboard a ton of users on the mobile app along with users who want to trade on base for the meme coins.
Lastly, we are entering the the biggest quarter for Coinbase. The altcoin cycle is going to continue to drive more volume and liquidity into the exchange.
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