Data confirms that Coinbase's revenue reached $5.75 billion in the past 12 months, surpassing Nasdaq and the Chicago Board Options Exchange (CBOE). Jamie Coutts, chief crypto analyst at investment firm Real Vision, said on December 17 that cryptocurrencies are eroding the share of traditional finance (TradFi). In addition, Coinbase generated 11% of global exchange revenue. (Cointelegraph)