Coinbase is building up stablecoin, subscription and prediction-market businesses as trading fees decline. Subscription and services revenue made up 49% of its net revenue in Q3 2026, while prediction markets passed a $200 million annualized revenue run rate.
Coinbase is expanding into stablecoins, subscriptions and prediction markets in response to declining fees. The moves aim to diversify its revenue and cut its reliance on spot-crypto transaction fees.
The shift already shows in the numbers. In Q3 2026, the company reported that subscription and services revenue accounted for 49% of its net revenue. Prediction markets, meanwhile, have surpassed a $200 million annualized revenue run rate.
The Motley Fool describes the stablecoin, subscription and prediction-market businesses as a potential path to steadier earnings, while the stock trades near its recent lows. Transaction revenue is contracting, so the company is looking beyond traditional crypto trading.
The open question is speed. Whether these emerging businesses can grow quickly enough to offset falling trading fees could determine the company's next chapter, according to the Motley Fool. Crypto Briefing adds that observers will watch for further announcements on the stablecoin and prediction-market ventures, along with any regulatory developments that could affect their growth.
Sources: Crypto Briefing, Motley Fool
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