Gbackpack☕️ The exchange race is moving beyond Bitcoin trading fees. In Q2 2026, Coinbase reported a record 10.3% share of crypto trading volume. Yet 88% of net revenue came from outside Bitcoin spot, while Subscription & Services contributed 48%—up from 29% in Q4 2024. The point isn’t that “Coinbase won.” The data shows that the durable model is shifting from a trading venue to a multi-product financial platform. That’s why @Backpack unified-capital strategy matters: Spot, Perps, lending and securities are being connected around one portfolio experience. The exchange of the future isn’t only where orders meet. It’s the operating system where capital moves between crypto and traditional assets. 🎒
DinhTien | Backpack 🎒Share
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