Coinbase Richer Than Nasdaq in Transaction Revenue

Coinbase surpassed two of the biggest securities exchanges in the world in terms of transaction revenue, according to a crypto analyst from the private bank Coutts.

Olumide Adesina•Saturday, December 21, 2024•1 min read

According to a crypto analyst from the private bank Coutts, Coinbase surpassed two of the biggest securities exchanges in the world in terms of transaction revenue.

The Nasdaq, home to many of the world’s most valuable companies, such as Apple, Google, and Microsoft, only made $4.54 billion in transaction revenue over the last 12 months, while the cryptocurrency exchange made $5.75 billion.

Coinbase also outperformed Brazil’s Bolsa Balcão, which made $1.81 billion within the last year, and the Hong Kong Stock Exchange, the HKEX, which made $2.67 billion. In addition to the sheer volume of transactions, these figures are not directly comparable and are reliant on the fees exchanges charge per transaction, such as when buying or selling stocks or Bitcoin.

Coutts’ data shows that to put these figures in perspective, the global cryptocurrency, stock, and commodity exchanges collectively generated approximately $51.27 billion in transaction revenue. Coinbase still lags well behind the biggest exchanges in the world, despite having a very high transaction revenue growth rate.

the London Stock Exchange (LSE) generated $10.82 billion in transaction revenue in the last 12 months. Additionally, with $9.16 billion in transaction revenue, the Intercontinental Exchange (ICE), which runs the New York Stock Exchange (NYSE) and several futures, debt, and commodities exchanges, continues to lead the market

According to Mouloukou Sanoh, CEO of liquidity provider MANSA Finance Coinbase’s transaction volume is less than that of the NASDAQ despite having more transaction revenue than many of the biggest exchanges in the world.

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ABOUT THE AUTHOR See More

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.