It's not crypto trading that's causing a jump in Coinbase revenue.
Coinbase (COIN -0.21%) is a leader in the crypto industry, and its revenue has been under pressure as the market has cooled rapidly. But there's a silver lining that's bringing in hundreds of millions of dollars in revenue, which Travis Hoium highlights in the video below.
*Stock prices used were end-of-day prices of May 7, 2023. The video was published on May 8, 2023.
Travis Hoium has positions in Coinbase Global. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
