Is FTX really worth two Coinbases?
Chain Reaction
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Is F T X Diversifying Into Different Revenue Streams?
coin base reported its earnings pretty recently, they were talking about how things like staking and basically, like non trading activities have much higher profit margin. They also released the operating income and their profit margin, which was around 27 %. I mean, that seems pretty high. Yet, one last quick point that i wanted to bring up was just a number that stood out to me, which is that f t x us comprised only around five percent of revenue total for f t x,. whereas with coin base, they are pretty concentrated in the us.
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