A continued shift to DeFi-focused offerings could be a boon for crypto exchanges looking to diversify revenue streams and attract new users, industry executives say. 

With another exchange-launched layer-2 network reportedly in the works, such chains, and other decentralized products, look poised to become more prevalent for centralized crypto giants.

Coinbase launched Base — an Ethereum layer-2 network built with Optimism’s OP stack — in August. The publicly traded company’s third quarter subscription and services revenue, which is generated from stablecoins, custodial fees, blockchain rewards and interest income, exceeded its transaction revenue for the second straight…

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