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Coinbase Subscriptions and Services Contributed 51% of Its Q2 Revenue

Michael Anderson, co-founder of Framework Ventures, was surprised by the success of Coinbase's subscription model, as subscription and service contributed 51% of Coinbase's Q2 revenue due to changes in revenue strategy.

Anderson stated that predictable revenue growth is what Wall Street wants, and the best way for successful companies with predictable revenue growth is not based on trading. Competing trading fee models typically evolve into "zero competition," and trading volume is inherently "highly cyclical." As the cryptocurrency market seems to experience waves every three to four years, trading revenue also fluctuates accordingly. The shift to subscription and service models is "crucial" for Coinbase's long-term success.

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