it generated more money from other services. These include staking, which allows customers to pledge their coins to help validate transactions on the blockchain in exchange for more tokens.
Because trading activity is notoriously volatile, Coinbase boss Brian Armstrong is sensibly seeking new lines of business. Lower volume dragged down revenue from buying and selling currencies to $327 million in the latest three-month stretch, half as much as a year earlier. Staking, meanwhile, nearlyThe expansion could be short-lived, however. Ten U.S. states have joined the U.S. Securities and Exchange Commission in saying the staking program violates securities laws.
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