Derived from CoinPaper, Coinbase reported revenue growth for the fifth consecutive quarter while maintaining lower operating costs, signaling strong business momentum. The company is also funding a $12,000 crypto income pilot for low-income New Yorkers through the nonprofit GiveDirectly, which distributes payments in USDC. The program, launched in late 2024, provides $8,000 upfront and $800 monthly for five months to 160 participants. Coinbase does not manage the payments or select recipients, with GiveDirectly handling all operational aspects. Meanwhile, Coinbase’s operating expenses remain below peak levels from the previous bull cycle, drawing attention to its improved operating leverage.
Coinbase Revenue Rises for Fifth Quarter as Costs Decline, Funds $12K Crypto Income Pilot
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