$Coinbase Global, Inc.(COIN)$
ETH is the main driver for Coinbase blockchain reward revenues. The average ETH price over last quarter was ~$2.9K and still generated $151M
Ethereum is one of the biggest transaction fee drivers for Coinsbase Base One of the fastest-growing L2s in crypto and is built on Ethereum.
Volatility will likely increase if Total3 gets dragged up with ETH price
COIN is the main custodian for the ETH ETFs including BlackRock
Lawsuit by the SEC likely weakened, as Ethereum is deemed a commodity in the ETF documents
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- RussellSimmons·05-28Volatility may increase if Total3 rises alongside the ETH price.LikeReport
- StaceyJulia·05-28The SEC lawsuit is likely affected by Ethereum's commodity status.LikeReport
- TomCap·05-28🙌🇸🇬 ETH's impact on Coinbase's revenue is significant.LikeReport