Crypto Trading Takes Backseat as Stablecoins Emerge

Crypto trading is no longer the primary source of revenue for many companies in the industry.

A report from Coinbase, one of the world's largest crypto exchanges, found that nearly half of its net revenue comes from subscriptions and services, rather than from trading.

The shift away from trading and towards stablecoins, payment solutions, and other financial services is a significant change in the market.

Crypto experts say this trend is likely to continue as more companies follow Coinbase's lead.