Coinbase Diversifies Revenue and Cuts Costs While Expanding Platform and Customer Base
• Coinbase has diversified revenue streams beyond just transaction fees, with over 50% now coming from subscriptions and services
• Coinbase has cut costs through automation, staff reductions, remote work, and consolidating real estate
• Expenses are at 3-year lows even as Coinbase expands offerings
• International expansion through "Go Broad, Go Deep" strategy has tripled customer base in a year
• Coinbase made remarkable progress to become a more robust, diversified platform positioned for growth as crypto evolves