Coinbase's trading revenue has performed well in the past year, reaching $5.75 billion, surpassing Nasdaq, Hong Kong Exchange and Brazil's B3 Exchange. This achievement makes people applaud it👏, but there is still a big gap compared with the London Stock Exchange and Intercontinental Exchange. Although the trading volume is not as good as other large exchanges, the higher trading fees have brought considerable income to Coinbase.
Looking ahead, analysts predict that Coinbase is expected to become the world's third largest exchange in 2025, but it may take 10 to 20 years to surpass Nasdaq in trading volume. Expansion in international markets, especially in Latin America, Africa and Europe, will be key to its growth. 🌍