[CoinDesk] The crypto industry has found new ways to grow. Making money from them is another story

Coinbase, Robinhood and Circle are pushing beyond spot trading into stablecoins, payments and prediction markets, yet their latest earnings show the new revenue lines are not yet large enough to offset crypto’s cyclical swings. The shift matters because it tests whether these firms can build steadier, fee-based businesses as trading volumes and token prices remain volatile. Watch whether stablecoin and payments revenue scales fast enough to smooth results, and whether prediction markets add durable volume rather than another boom-and-bust channel.