Coinbase Global Inc. is stepping up its game in the digital payments arena. They’re on the lookout for more acquisitions and ways to boost revenue.
This month, the largest crypto exchange in the U.S. brought on the team from payments startup Utopia Labs. They’re not stopping there. According to Shan Aggarwal, Coinbase’s vice president of corporate and business development, they might acquire even more payments-related businesses.
But that’s not all. Coinbase is also thinking about charging fees for certain payment services in Coinbase Wallet. This could include subscription options for specific features, Aggarwal mentioned in a recent interview.
In short, Coinbase is serious about expanding its payments business and exploring new revenue streams.