Odaily News Bitwise’s cryptocurrency stock expert Alyssa Choo said that Coinbase’s subscription and services revenue in the third quarter was $334 million, exceeding trading revenue for the second consecutive quarter – the subscription and services business line includes stablecoins and custody fees generated revenue, as well as blockchain reward and interest income. “People think Coinbase is a commission-based business, but that’s very short-sighted,” Choo said. “Commission revenue is the bridge to the true future of Coinbase, which is a crypto super app — the center of gravity of the crypto world, with multiple currencies. ization pathways, including Base, stablecoins, etc. And we saw these other capabilities flourish this quarter.” (Blockworks)