Coinbase could lose all Base revenue if token is launched, Mason Nystrom warns

Coinbase could lose all Base revenue if token is launched, Mason Nystrom warns
Base token launch could impact Coinbase

Mason Nystrom argues that launching a token for Base would be a mistake.

According to Nystrom, for Base to have real value, Coinbase would need to allocate sequencer revenues to a potential Base token. However, if Coinbase took this step, the company would forgo all revenue generated by Base, which at one point was a $100 million line item business and could reach that scale again.

Nystrom has previously highlighted growth opportunities for crypto-linked assets. He argued that tokenized equities onchain could grow 100x if a small fraction of the S&P 500 transitions to blockchain. In another note, Nystrom pointed out that major crypto sectors like bitcoin and stablecoins remain active despite negative narratives.

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