PANews, June 18 – According to a report by CoinDesk, Coinbase is gradually reducing its reliance on transaction fees by expanding its derivatives, payments, and infrastructure businesses. During a system update event on Tuesday, Coinbase unveiled a range of products covering derivatives, tokenized stocks, stablecoin payments, lending, and AI. Analysts believe this signals the company is transforming from a trading platform dependent on Bitcoin price cycles into a broader financial platform.

Analysts are paying particular attention to the derivatives business, as approximately 80% of crypto trading volume comes from the derivatives market. Expanding options and perpetual contract products can provide a more sustainable revenue stream than spot trading. Stablecoin payments and infrastructure are also key areas of focus, with the Coinbase Developer Platform enabling enterprises to integrate stablecoin payments and crypto services. AI tools connecting AI agents to trading and payment systems are seen as part of management’s long-term vision. Analysts believe the new products will not significantly impact financial performance in the short term but will broaden the revenue base. Coinbase’s stock price has fallen about 26% this year, roughly in line with Bitcoin’s performance.