Coinbase One subscriptions launch as the crypto company squares off with the SEC

. In exchange, it brings more recurring revenue streams at a time the company might need them because the regulatory battles Coinbase is fighting are expensive.

McDonnell continued, “Through the bull market 18 months to two years ago, there was tons of growth, but we wanted customers to stay.”notes that Coinbase subscription and services revenue saw 138 percent growth in the first quarter of this year, earning $361.7 million, as compared to $152 million the previous year.

Coinbase is tussling with a weaker crypto market that, after the past few years, has fewer active traders as well as a

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