JPMorgan Chase: Coinbase Earned Around $300 Million in Trading Revenue from Circle in Q1

By: theblockbeats.news|2025/07/29 20:52:14

0

Share

copy

BlockBeats News, July 29th, JPMorgan Chase released a report pointing out that the partnership between Coinbase and Circle, as well as the investment in Circle's stablecoin USDC, is generating significant financial benefits, including equity appreciation and high-margin revenue streams. Coinbase currently holds approximately 8.5 million shares of Circle stock, and in just the first quarter of this year, Coinbase received about $300 million in distribution fees from Circle, exceeding Circle's total net revenue of around $230 million. JPMorgan Chase estimates that as of the end of the first quarter, the USDC balance on the Coinbase platform is $13 billion, generating $125 million in revenue for the company, with a profit margin of 20-25%.

-- Price

You may also like

Morning News | Bitmine launches institutional Ethereum staking platform MAVAN; Franklin Templeton launches tokenized ETF; Morgan Stanley to issue and sponsor Bitcoin ETF

Morning News | Bitmine launches institutional Ethereum staking platform MAVAN; Franklin Templeton launches tokenized ETF; Morgan Stanley to issue and sponsor Bitcoin ETF

Overview of Important Market Events on March 25

Kalshi early employees: Whoever controls the traffic controls the market

Kalshi early employees: Whoever controls the traffic controls the market

Robinhood can decide where tens of millions of contracts go with the flip of a switch, while the exchanges do all the hard work but cannot control their own fate.

Tether signs contracts with four major audits, Circle's compliance moat collapses, stock price plummets by 20%

Tether signs contracts with four major audits, Circle's compliance moat collapses, stock price plummets by 20%

USDT, with a market value of 184 billion dollars, is undergoing its first comprehensive inspection in history.

Proudly Introducing Aethir Claw: Your AI Agent, Our Infrastructure

Proudly Introducing Aethir Claw: Your AI Agent, Our Infrastructure

Explore Aethir Claw, an easy-to-deploy AI agent solution that offers fully isolated VPS, encrypted payments, and highly competitive pricing.

Why Buying Gold Can Lead to Bankruptcy

Why Buying Gold Can Lead to Bankruptcy

"There is no issue with 'buying gold,' the issue is 'buying whose gold.'"

If the US Treasury yield rises above 5%, will Bitcoin drop below $50,000?

If the US Treasury yield rises above 5%, will Bitcoin drop below $50,000?

During the US-Iran war, as the bond market exhibited a **"meltdown"** scenario, Bitcoin's upward momentum is showing signs of exhaustion.

Circle Plunges 20%: Crypto Earthquake Triggered by Draft Proposal

Circle Plunges 20%: Crypto Earthquake Triggered by Draft Proposal

Compliance gave Circle both a suit of armor and a ball and chain.

After the Smoke Clears: 5 Possible Endings to the Middle East Conflict

After the Smoke Clears: 5 Possible Endings to the Middle East Conflict

The Crown Prince in Exile for Half a Century, Set to Return to Tehran?

Stablecoin Yields Discontinued, Circle Plunges 20% in One Day

Stablecoin Yields Discontinued, Circle Plunges 20% in One Day

Tightening Regulations and Increased Competition Lead Market to Reassess Stablecoin Business Models

AI Wired into War Machine | Rewire News Nightly

AI Wired into War Machine | Rewire News Nightly

Anduril and Palantir are collaborating on the development of the core software for the Golden Dome anti-missile system, with a project budget of $18.5 billion.

Web3 is sick, but the cure is not AI

Web3 is sick, but the cure is not AI

Encryption may have wasted too many years, and the current AI anxiety is merely a stress response of an industry that has overdrawn its narrative after facing external shocks.

Why must Web3 projects be included in RootData?

Why must Web3 projects be included in RootData?

Behind the wave of exchanges delisting and the tightening of coin listing reviews, the "information transparency" of projects is becoming a key threshold that determines whether they can be seen and trusted.

Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan

Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan

Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…

Binance to Delist Key Spot Trading Pairs: What You Need to Know

Binance to Delist Key Spot Trading Pairs: What You Need to Know

Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…

Whale Activities in the Crypto Market: A Deep Dive into Recent Trends

Whale Activities in the Crypto Market: A Deep Dive into Recent Trends

Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…

Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold

Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold

Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…

James Wynn Engages in High-Leverage Bitcoin Short Position

James Wynn Engages in High-Leverage Bitcoin Short Position

Key Takeaways James Wynn recently opened a 40x leveraged short position on Bitcoin. His position involves 2.69 BTC,…

Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC

Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC

Key Takeaways Whale 0x049b has executed large 20x leverage positions on 9,256 ETH and 282.47 BTC, totaling over…

Morning News | Bitmine launches institutional Ethereum staking platform MAVAN; Franklin Templeton launches tokenized ETF; Morgan Stanley to issue and sponsor Bitcoin ETF

Overview of Important Market Events on March 25

Kalshi early employees: Whoever controls the traffic controls the market

Robinhood can decide where tens of millions of contracts go with the flip of a switch, while the exchanges do all the hard work but cannot control their own fate.

Tether signs contracts with four major audits, Circle's compliance moat collapses, stock price plummets by 20%

USDT, with a market value of 184 billion dollars, is undergoing its first comprehensive inspection in history.

Proudly Introducing Aethir Claw: Your AI Agent, Our Infrastructure

Explore Aethir Claw, an easy-to-deploy AI agent solution that offers fully isolated VPS, encrypted payments, and highly competitive pricing.

Why Buying Gold Can Lead to Bankruptcy

"There is no issue with 'buying gold,' the issue is 'buying whose gold.'"

If the US Treasury yield rises above 5%, will Bitcoin drop below $50,000?

During the US-Iran war, as the bond market exhibited a **"meltdown"** scenario, Bitcoin's upward momentum is showing signs of exhaustion.

Popular coins

Latest Crypto News

10:42

Newrails has launched the euro stablecoin EURW that complies with MiCA standards based on the Monad platform

The electronic money institution Newrails, regulated by the Bank of Lithuania, announced the launch of the euro stablecoin EURW on Monad, compliant with MiCA standards.Newrails holds dual licenses as an electronic money institution (EMI) in Lithuania and a virtual asset service provider (VASP) in th...

10:42

By 2025, DeFi on-chain earnings will reach 8 billion dollars, with over half of stablecoin deposit yields lower than U.S. Treasury bonds

According to researcher Vadym's analysis, DeFi is expected to generate approximately $8 billion in on-chain revenue by 2025. The largest source is AMM trading fees, accounting for about $4.2 billion, with Uniswap, Meteora, and Raydium making up 62%; lending interest is the second largest source, aro...

10:42

The founder of Distributed Capital publicly solicits clues about stolen wallets and sets a reward

Bo Shen, the founder of Distributed Capital, posted on social media to publicly solicit clues related to the theft of his personal wallet and established a bounty mechanism.Bo Shen stated that his personal wallet was hacked in 2022, resulting in a loss of approximately $42 million. In the three year...

10:42

NVIDIA-supported startup Reflection is in talks to raise $2.5 billion

According to the Wall Street Journal, Nvidia-backed startup Reflection is in talks to raise $2.5 billion. This funding will bring the company's valuation to $25 billion.

10:42

Data: The current whale position on the Hyperliquid platform is 3.697 billion USD, with a long-short position ratio of 1.01

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.697 billion, with long positions at $1.861 billion, accounting for 50.33% of the holdings, and short positions at $1.836 billion, accounting for 49.67%. The profit and loss for long positions is -$17.681...