Coinbase: Major Player in Ethereum Ecosystem With $75 Million Revenue Run Rate

Cryptocurrency exchange Coinbase has emerged as a key player within the rapidly growing Ethereum ecosystem, according to research firm Bernstein. The report highlights Coinbase’s substantial revenue potential from its involvement with Ethereum, citing an estimated annual revenue run rate of $75 million generated through its Base Layer 2 chain and staking services. The company’s strategic initiatives have positioned it for significant growth as Ethereum continues to expand its market dominance.