Coinbase (COIN) – Staking Revenue, Regulation, and Institutional Growth
Executive summary Summary fundamentals Detailed fundamental analysis Revenue mix and staking mechanics Coinbase’s revenue base in Q2 2025 is split between transaction revenue (primarily trading), subscription and services (stablecoin revenue, blockchain rewards, custody, prime financing), and interest/other. Transaction revenue was $764.3M while subscription and services contributed $655.8M; blockchain rewards accounted for $144.5M within subscription and…