Stabledash(@stabledash ):The market values @coinbase $COIN as a crypto brokerage, and the price action tracks @RobinhoodApp like they're the same business. @0xpampa Research Analyst at @artemis shares how the numbers tell a different story: "About half of Coinbase revenue comes from subscription services. $300 million this past quarter came from just stablecoin reserve income and their deal with Circle." "The stack they're building with Base, x402, and the revenue sharing relationship with Circle positions them really well for a world where AI agents are the primary transacting users of finance."

2026.05.13 00:30

The market values @coinbase $COIN as a crypto brokerage, and the price action tracks @RobinhoodApp like they're the same business. @0xpampa Research Analyst at @artemis shares how the numbers tell a different story: "About half of Coinbase revenue comes from subscription services. $300 million this past quarter came from just stablecoin reserve income and their deal with Circle." "The stack they're building with Base, x402, and the revenue sharing relationship with Circle positions them really well for a world where AI agents are the primary transacting users of finance."

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