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0 sats \ 0 replies \ @cryptocoin OP 18 Sep 2022 \ on: Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates bitcoin
Coinbase’s joint venture with USDC issuer Circle alone could contribute about $700 million of incremental revenue, JPMorgan estimates.
Additional ways Coinbase caould earn interest income are from customer fiat and its corporate cash balance, JPMorgan noted, adding up to a potential total of $1.2 billion in added revenue next year.
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