Crypto 'eating TradFi's lunch' as $5.75B Coinbase revenue beats Nasdaq

Coinbase and DeFi pose serious competition for traditional exchanges as Bitcoin ETFs beat gold by assets under management.

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Bitcoin and cryptocurrency exchange Coinbase are beating Nasdaq in terms of revenue in 2024, the latest data shows.

Figures uploaded to X on Dec. 17 by Jamie Coutts, chief crypto analyst at investment firm Real Vision, show 12-month exchange revenue nearing $6 billion.

Crypto markets’ Q4 transformation has led to the sector vying with Wall Street for supremacy when it comes to 2024 performance.

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