'Coinbase Launches Subscription Service With Focus On European Expansion; Coinbase One Will Launch In 35 Countries, Starting With U.S., UK, Germany And Ireland' - TechCrunch
Portfolio Pulse from Happy Mohamed
Coinbase is launching its subscription service, Coinbase One, in 35 countries to grow recurring revenue streams amid a bearish crypto market. The service offers features such as no trading charges, higher staking rewards, and 24/7 customer support. Coinbase's subscription and services revenue rose 138% to $361.7 million in Q1 2023.
May 18, 2023 | 3:44 pm
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Coinbase launches its subscription service, Coinbase One, in 35 countries to grow recurring revenue streams amid a bearish crypto market.
The launch of Coinbase One in 35 countries will help the company diversify its revenue streams and reduce reliance on trading fees. This could lead to more stable and predictable revenues, which is likely to have a positive impact on COIN's stock price in the short term.
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