Coinbase Completely Shatters Earnings Expectations With Help From Coins Like Shiba Inu and Doge

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

Coinbase has completely shattered revenue expectations proving the strength of their platform and the strength of Crypto. The original estimates by experts said that coinbase would have a 1.97 billion dollar revenue for this quarter. Another increase was to the Coinbase userbase which increased to 11 million monthly users. Many estimates point to these numbers when counting actual holders of cryptos as those on a CEX are not recorded the same as those that are held on a DEX.

Coinbase has also shown a decrease in Ethereum of 16% but in reverse, coins such as Shiba Inu & Doge have increased from 59% to 68%. This is a huge showing of what the future is going to be.

Coinbase also reported that over 200 Million of its revenue was from staking and lending showing that more crypto investors are interested in long-term holdings rather than short-term gains. This is a good sign not just for coinbase, not just for Shiba Inu, but for the entire crypt space. Investments in cryptocurrencies have become mainstream and their dominance over traditional savings accounts is starting to show.