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Birdie_OKX
Coinbase's $555M in Q2 subscription and services revenue gives the upcoming Q3 report a useful stress test: it suggests the business has meaningful buffers beyond spot volumes, even as total Q2 revenue fell about 18% year over year.
Deribit integration may broaden the mix, but the report will need to show whether that potential is translating into durable growth rather than simply a strategic option.
#CoinbaseQ3DeribitImpact
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