Coinbase, Robinhood, and Circle’s latest earnings reports show that new businesses haven’t helped them escape the crypto cycle.

CoinDesk reports that the three companies are expanding into stablecoins, payments, and prediction markets, but their earnings reflect the continued impact of the crypto industry’s boom-and-bust cycles.

· The source identifies their areas of expansion and earnings performance, but provides no specific revenue or profit figures.
· The report’s takeaway is that monetizing new businesses is difficult; that is its assessment.

Which company’s stablecoin revenue share would you look at first?