{"id":775682,"date":"2026-05-08T17:58:15","date_gmt":"2026-05-08T09:58:15","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=775682"},"modified":"2026-05-08T17:58:15","modified_gmt":"2026-05-08T09:58:15","slug":"coinbase%ef%bc%9a%e6%97%b1%e5%9c%b0%e5%b7%b2%e4%b9%85%ef%bc%8c%e9%9d%99%e5%be%85%e6%94%bf%e7%ad%96-%e5%8f%8a%e6%97%b6%e9%9b%a8","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=775682","title":{"rendered":"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d"},"content":{"rendered":"<blockquote>\n<p>\u6587 | \u6d77\u8c5a\u7814\u7a76<\/p>\n<\/blockquote>\n<p>$Coinbase(COIN.US) \u4e00\u5b63\u62a5\u53d1\u5e03\uff0c\u5927\u90e8\u5206\u662f &ldquo;\u9884\u60f3&rdquo; \u4e2d\u7684\u574d\u584c\uff0c\u5f53\u671f\u80cc\u666f\u662f CLARIFY \u6cd5\u6848\u8fdf\u8fdf\u96be\u89c1\u63a8\u8fdb + \u4e2d\u4e1c\u6469\u64e6\u63a8\u9ad8\u6cb9\u4ef7\u751a\u81f3\u5f15\u53d1<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8a%a0%e6%81%af\" title=\"View all posts in \u52a0\u606f\" target=\"_blank\" class=\"tag_link\">\u52a0\u606f<\/a>\u9884\u671f\uff0c\u90fd\u662f\u5bf9<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\u8d44\u4ea7\u6781\u4e3a\u4e0d\u5229\u7684\u56e0\u7d20\u3002\u4e0d\u8fc7\uff0c\u6570\u5b57<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b4%a7%e5%b8%81\" title=\"View all posts in \u8d27\u5e01\" target=\"_blank\" class=\"tag_link\">\u8d27\u5e01<\/a>\u6807\u7684\u80a1\u4ef7\u53d8\u52a8\u5b8c\u5168\u8dd1\u5728<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%b8%9a%e7%bb%a9\" title=\"View all posts in \u4e1a\u7ee9\" target=\"_blank\" class=\"tag_link\">\u4e1a\u7ee9<\/a>\u524d\u9762\uff0c\u968f\u7740 4 \u6708\u5730\u7f18\u7d27\u5f20\u7f13\u89e3\uff0c\u6570\u5b57\u8d27\u5e01\u8fd8\u662f\u8d70\u4e86\u4e00\u6bb5\u4fee\u590d\u884c\u60c5\u3002<\/p>\n<p>\u76f8\u6bd4\u8f83\u4e0a\u5b63\u5ea6\u7684\u8d22\u62a5\u65e5\u800c\u8a00\uff0cBTC \u4ef7\u683c\u4ece 6.7 \u4e07\u5347\u5230\u4e86 8 \u4e07\uff0cCoinbase \u4f30\u503c\u4e5f\u4ece 385 \u4ebf\u6da8\u5230\u4e86 500 \u4ebf\u3002\u90a3\u4e48\u7ef4\u6301\u540e\u7eed\u4fee\u590d\u8d8b\u52bf\u7684\u5173\u952e\u56e0\u7d20\u662f\u4ec0\u4e48\uff1f<\/p>\n<p>\u5177\u4f53\u6765\u770b\uff1a<\/p>\n<p><strong>1. \u907f\u9669\u81f4\u4ea4\u6613\u964d\u6e29\uff1a<\/strong> \u5bfc\u81f4\u6536\u5165\u6ed1\u5761\u7684\u8fd8\u662f\u4ea4\u6613\u6536\u5165\uff0cQ1 \u540c\u6bd4\u4e0b\u6ed1\u4e86 40%\uff0c\u4e3b\u8981\u6e90\u4e8e\u4ea4\u6613\u91cf\u840e\u7f29\u4e86 36%\uff0c\u4f46\u76f8\u6bd4\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u6574\u4f53\u73b0\u8d27\u4ea4\u6613\u91cf\u4e0b\u6ed1 39% \u8981\u7565\u5fae\u597d\u4e00\u4e9b\u3002<\/p>\n<p>\u8fd9\u4e0e\u524d\u4e24\u4e2a\u5b63\u5ea6\u8fde\u7eed\u843d\u540e\u620f\u4efd\u884c\u4e1a\u800c\u8a00\u76f8\u6bd4\uff0cCoinbase \u7ade\u4e89\u529b\u6709\u6240\u6062\u590d\uff0c\u53ef\u80fd\u662f\u7ee7\u7eed\u53d7\u76ca\u4e0a\u5b63\u5ea6<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%94%b6%e8%b4%ad\" title=\"View all posts in \u6536\u8d2d\" target=\"_blank\" class=\"tag_link\">\u6536\u8d2d<\/a>\u7684 Deribit\u3001\u4e8b\u4ef6\u9884\u6d4b\u4ea4\u6613\u3002\u4e0d\u8fc7\u653e\u5927\u770b\u5168\u884c\u4e1a\uff0c\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u7684\u8868\u73b0\u8fd8\u662f\u8981\u660e\u663e\u66f4\u4f18\uff0c\u6301\u7eed\u5403\u5e02\u573a\u4efd\u989d\u3002<\/p>\n<p>Q1 \u6708\u5747\u4ea4\u6613\u7528\u6237\u73af\u6bd4\u51cf\u5c11 90 \u4e07\u4eba\uff0c\u6574\u4e2a\u5e73\u53f0\u8d44\u4ea7\u7f29\u6c34 22%\u3002<\/p>\n<p><strong>2. \u8ba2\u9605\u6307\u5f15\u56de\u6696\uff1a<\/strong>\u77ed\u671f\u4ea4\u6613\u6536\u5165\u5b58\u5728\u6682\u65f6\u6027\u7684\u6ce2\u52a8\uff0c\u56e0\u6b64\u6211\u4eec\u5c06\u4ee5\u8d28\u62bc\u3001\u6258\u7ba1\u3001\u4ee5\u53ca<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%a8%b3%e5%ae%9a%e5%b8%81\" title=\"View all posts in \u7a33\u5b9a\u5e01\" target=\"_blank\" class=\"tag_link\">\u7a33\u5b9a\u5e01<\/a>\u4e3a\u4e3b\u8ba2\u9605\u6536\u5165\u7684\u8868\u73b0\u6765\u89c6\u4f5c Coinbase \u81ea\u8eab\u4e1a\u52a1\u53d1\u5c55\u80fd\u529b\u7684\u4f53\u73b0\u3002\u8ba2\u9605\u670d\u52a1\u6536\u5165\u867d\u7136\u4e0d\u4e0e\u4ea4\u6613\u76f4\u63a5\u76f8\u5173\uff0c\u4f46\u5728\u884c\u4e1a\u60c5\u7eea\u663e\u8457\u6ce2\u52a8\u671f\u95f4\uff0c\u540c\u6837\u4f1a\u8ddf\u7740\u53d8\u5316\u3002<\/p>\n<p>\uff081\uff09\u5360\u8ba2\u9605\u6536\u5165 20% \u7684<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8c%ba%e5%9d%97%e9%93%be\" title=\"View all posts in \u533a\u5757\u94fe\" target=\"_blank\" class=\"tag_link\">\u533a\u5757\u94fe<\/a>\u8d28\u62bc\u5956\u52b1\u6536\u5165\uff0c\u56e0\u4e3a ETH\u3001SOL \u7b49\u4ef7\u683c\u4e0b\u8dcc 30%\uff0c\u4e5f\u73af\u6bd4\u8dcc\u4e86 34%\u3002<\/p>\n<p>\uff082\uff09\u5360\u6bd4\u4e00\u534a\u7684\u7a33\u5b9a\u5e01\u5229\u606f\u6536\u5165\uff0cUSDC \u53d1\u884c\u89c4\u6a21\u73af\u6bd4\u6709\u6240\u589e\u52a0\uff0c\u4f46\u53d7\u5230\u53bb\u5e74\u672b\u7684<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%99%8d%e6%81%af\" title=\"View all posts in \u964d\u606f\" target=\"_blank\" class=\"tag_link\">\u964d\u606f<\/a>\u5f71\u54cd\uff0c\u53d8\u73b0\u7387 take rate \u8d70\u4f4e\u3002<\/p>\n<p>Coinbase \u6301\u6709 USDC \u7684\u4efd\u989d\u5219\u7ee7\u7eed\u73af\u6bd4\u589e\u52a0\u4e86 1pct\uff0c\u8fbe\u5230 24.7%\uff0c\u4e0d\u8fc7\u8fd9\u5728\u7a33\u5b9a\u5e01\u6fc0\u52b1\u5360\u6bd4\u63d0\u9ad8\u7684\u60c5\u51b5\u4e0b\uff0c\u7ecf\u6d77\u8c5a\u541b\u7c97\u7565\u8ba1\u7b97\uff0c\u76ee\u524d Coinbase \u7ed9\u5230\u7528\u6237\u7684\u7a33\u5b9a\u5e01\u6fc0\u52b1\u5206\u6210\u8fbe\u5230\u4e86 60%\uff0c\u800c\u53bb\u5e74\u8fd8\u662f 40%\u3002<\/p>\n<p>\u76ee\u524d\u5173\u4e8e\u7a33\u5b9a\u5e01\u5229\u606f\u662f\u5426\u8fd8\u4f1a\u88ab\u5141\u8bb8\u53d1\u653e\uff0c\u6210\u4e3a CLARITY \u6cd5\u6848\u7684\u4e89\u8bae\u70b9\uff0c\u9884\u8ba1\u6700\u7ec8\u8fd8\u662f\u4ee5\u6298\u4e2d\u65b9\u6848\u843d\u5730\uff0c\u5426\u5219\u6cd5\u6848\u53ea\u80fd\u7ee7\u7eed\u50f5\u6301\u3002<\/p>\n<p>\u7ba1\u7406\u5c42\u5bf9 Q2 \u8ba2\u9605\u6536\u5165\u6307\u5f15\u533a\u95f4\u4e3a 5.65-6.45 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u7565\u6709\u589e\u52a0\uff0c\u4e3b\u8981\u6e90\u4e8e\u884c\u60c5\u7684\u56de\u6696\u3002<\/p>\n<p>\uff083\uff09\u5269\u4f59 10% \u7684\u5176\u4ed6\u8ba2\u9605\u6536\u5165\uff0c\u4e3b\u8981\u662f\u6307\u673a\u6784\u8d44\u91d1\u6258\u7ba1\u3001Base \u94fe\u6536\u5165\u7b49\u3002\u6258\u7ba1\u6536\u5165\u53ef\u80fd\u4ecd\u53d7\u884c\u60c5\u5f71\u54cd\uff0c\u4f46 Base<\/p>\n<p>\u94fe\u6536\u5165\u8fd8\u80fd\u5728 AI Agent \u652f\u4ed8\u6d3b\u52a8\u7684\u9a71\u52a8\u4e0b\u4fdd\u6301\u7a33\u5b9a\u6269\u5f20\u3002\u76ee\u524d Base \u94fe\u5360\u5e73\u53f0\u5185\u7a33\u5b9a\u5e01\u4ea4\u6613\u89c4\u6a21\u7684 62%\uff0cAI Agent \u4ea4\u6613\u4e2d 90% \u4ee5\u4e0a\u53d1\u751f\u5728 Base \u94fe\u4e0a\uff0c99% \u4f7f\u7528 USDC \u7ed3\u7b97\u3002<\/p>\n<p><strong>3. \u76c8\u5229\u8fdb\u4e00\u6b65\u627f\u538b\uff1a<\/strong>\u6536\u5165\u5d29\u584c\u3001\u4f46\u6210\u672c\u521a\u6027\u4e0b\uff0c\u516c\u53f8\u7684\u76c8\u5229\u538b\u529b\u5c31\u6bd4\u8f83\u5927\uff0c\u4e0e\u6b64\u540c\u65f6\uff0cCoinbase \u5728 Q1 \u8fd8\u589e\u52a0\u4e86\u7814\u53d1\u6295\u5165\uff08\u4f53\u73b0\u7684\u662f Q4 \u6536\u8d2d Deribit \u7684\u6210\u672c\uff0c\u4ee5\u53ca\u5728\u63a8\u51fa\u80a1\u7968\u4ea4\u6613\u300124*7 \u6c38\u7eed\u5408\u7ea6\u3001\u4e8b\u4ef6\u9884\u6d4b\u7b49\u4ea7\u54c1<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%88%9b%e6%96%b0\" title=\"View all posts in \u521b\u65b0\" target=\"_blank\" class=\"tag_link\">\u521b\u65b0<\/a>\u4e0a\u7684\u52a8\u4f5c\uff09\uff0c\u4f7f\u5f97 Q1 \u6838\u5fc3\u7ecf\u8425\u5229\u6da6\u76f4\u63a5\u540c\u6bd4\u4e0b\u964d 90%+\u3002<\/p>\n<p>\u516c\u53f8\u5df2\u7ecf\u63a8\u52a8\u88c1\u5458 14% \u6765\u63d0\u9ad8\u7ecf\u8425\u6548\u7387\uff08\u4f18\u5316 700 \u4eba\uff0c\u96c6\u4e2d\u5728\u7ba1\u7406\u8fd0\u8425\u5c97\uff09\uff0c\u9884\u8ba1\u4e8c\u5b63\u5ea6\u843d\u5b9e\uff0c\u77ed\u671f\u4ea7\u751f\u7ea6 0.5 \u4ebf\u7684\u9063\u6563\u8865\u507f\u652f\u51fa\u3002<\/p>\n<p><strong>4. <a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%9b%9e%e8%b4%ad\" title=\"View all posts in \u56de\u8d2d\" target=\"_blank\" class=\"tag_link\">\u56de\u8d2d<\/a>\u529b\u5ea6\u52a0\u5927\uff1a<\/strong>\u4e00\u5b63\u5ea6\u56de\u8d2d\u4e86\u8fd1 11 \u4ebf\u7f8e\u91d1\u7684\u80a1\u7968\uff0c\u76f8\u6bd4\u4e0a\u5b63\u5ea6\u52a0\u5feb\uff0c\u76ee\u524d\u8fd8\u6709 13 \u4ebf\u7684\u56de\u8d2d\u989d\u5ea6\u3002\u5b63\u672b\u73b0\u91d1\u8d85 100 \u4ebf\uff0c6 \u6708\u5c06\u6709\u4e00\u7b14 13 \u4ebf\u7f8e\u5143\u7684<a href=\"https:\/\/www.alphaseek.cn\/?tag=kzz\" title=\"View all posts in \u53ef\u8f6c\u503a\" target=\"_blank\" class=\"tag_link\">\u53ef\u8f6c\u503a<\/a>\u5230\u671f\uff0c\u9884\u8ba1\u9700\u8981\u7528\u73b0\u91d1\u507f\u8fd8\u3002<\/p>\n<p><strong>5. \u91cd\u8981\u4e1a\u7ee9\u6307\u6807\u4e00\u89c8<\/strong><\/p>\n<p>BBG \u7edf\u8ba1\u6570\u636e\u6709\u4e9b\u6ede\u540e\uff0c\u672a\u80fd\u53cd\u6620\u8d44\u91d1\u6700\u65b0\u9884\u671f\u53d8\u5316\u3002\u56e0\u6b64\u6211\u4eec\u53e6\u5916\u6458\u5f55\u4e86 Barclays \u7684 Q1 \u524d\u77bb\u6570\u636e\uff0c\u867d\u7136\u8bf4\u4ecd\u7136\u90e8\u5206\u6307\u6807 miss\uff0c\u4f46\u548c\u5b9e\u9645\u8868\u73b0\u4e4b\u95f4\u7684\u9884\u671f\u5dee\u5c31\u6ca1\u90a3\u4e48\u60ca\u609a\u4e86\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/c3f98207d32a9f3841ba4be9ca06fd86_1778232946.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x784\/gravity\/center\/crop\/!1440x784&ext=.jpg\" width=\"1820\" height=\"992\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p><strong>\u6d77\u8c5a\u541b\u89c2\u70b9<\/strong><\/p>\n<p>\u4e00\u5b63\u5ea6\u6570\u5b57\u8d27\u5e01\u884c\u60c5\u548c\u4e0a\u5b63\u5ea6\u5728\u5e02\u4ef7\u6ce2\u52a8\u533a\u95f4\u4e0a\u5176\u5b9e\u5dee\u4e0d\u591a\uff0c\u751a\u81f3\u4ece\u8d8b\u52bf\u4e0a\u6765\u770b\uff0c\u4e00\u5b63\u5ea6\u7684\u5e95\u90e8\u9707\u8361\u884c\u60c5\u8fd8\u6bd4\u53bb\u5e74\u56db\u5b63\u5ea6\u7684\u5355\u8fb9\u4e0b\u8dcc\u7a0d\u5fae\u597d\u4e00\u4e9b\u3002\u53ea\u662f\u5728\u6218\u4e89\u53cd\u590d\u53d8\u5316\u5e26\u6765\u7684\u6781\u5ea6\u4e0d\u786e\u5b9a\u548c\u6cb9\u4ef7\u9ad8\u4f01\u9884\u671f\u4e0b\uff0c\u8fdb\u4e00\u6b65\u6781\u81f4\u538b\u7f29\u4e86<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u8005\u7684\u4ea4\u6613\u60c5\u7eea\u3002<\/p>\n<p>\u4f46\u53c2\u7167\u8fd1\u4e00\u5e74\u7684\u53d8\u52a8\u60c5\u51b5\uff0c\u6d77\u8c5a\u541b\u8ba4\u4e3a Coinbase \u7684\u4f30\u503c\u6ce2\u52a8\u66f4\u52a0\u8ddf\u968f\u5b9e\u65f6\u7684\u6570\u5b57\u8d27\u5e01\u4ef7\u683c\u800c\u975e\u6ede\u540e\u53cd\u6620\u7684\u4e1a\u7ee9\uff0c\u7ade\u4e89\u4e5f\u4f1a\u5f71\u54cd\uff0c\u4f46\u76ee\u524d\u5728\u4e00\u8d77\u505a\u5927\u86cb\u7cd5\u7684\u65f6\u671f\uff0c\u8fd8\u4e0d\u662f\u4e3b\u8981\u5f71\u54cd\u56e0\u7d20\uff0c\u53e6\u5916\u5c31\u662f\u5728\u4f30\u503c\u4fee\u590d\u76f8\u5bf9\u9971\u6ee1\u7684\u65f6\u5019\u9700\u8981\u5173\u6ce8\u3002<\/p>\n<p>\u6bd4\u5982\u50cf Q1 \u7684\u4e1a\u7ee9\u7edd\u5bf9\u503c\u4e0a\u662f\u660e\u663e\u6bd4\u53bb\u5e74 Q4 \u66f4\u5f31\uff0c\u4f46\u56e0\u4e3a\u6570\u5b57\u8d27\u5e01\u4ef7\u683c\u4f01\u7a33\uff0c\u56e0\u6b64\u4ece\u9884\u671f\u89d2\u5ea6\uff0c\u53cd\u800c\u66f4\u6709\u5229\u4e8e Coinbase \u7684\u4f30\u503c\u3002<\/p>\n<p>\u800c\u5f71\u54cd\u6570\u5b57\u8d27\u5e01\u4ef7\u683c\u7684\u65e0\u975e\u5c31\u662f\u6d41\u52a8\u6027\u548c\u653f\u5e9c\u653f\u7b56\u3002\u77ed\u671f\u4e2d\u4e1c\u6469\u64e6\u7f13\u89e3\u540e\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%80%9a%e8%83%80\" title=\"View all posts in \u901a\u80c0\" target=\"_blank\" class=\"tag_link\">\u901a\u80c0<\/a>\u95ee\u9898\u53ef\u80fd\u9700\u8981\u4f4f\u4e0d\u6d88\u89e3\uff0c\u4f46\u9884\u671f\u5dee\u4e0a\u5c31\u662f CLARITY \u653f\u7b56\u7684\u8d70\u5411\uff0c\u9884\u8ba1\u672a\u6765 2-3 \u4e2a\u6708\u4f1a\u6709\u65b0\u7684\u8fdb\u5c55\uff08\u6bd4\u5982\u63a8\u52a8\u6298\u4e2d\u65b9\u6848\u843d\u5730\uff0c\u4e5f\u5c31\u662f\u660e\u9762\u4e0a\u4e0d\u5141\u8bb8\u7ed9\u4ed8\u5229\u606f\uff0c\u4f46\u662f\u53ef\u4ee5\u7ed3\u5408\u4e00\u4e9b\u6d3b\u52a8\u7ed9\u53c2\u4e0e\u6d3b\u52a8\u7684\u7528\u6237\u989d\u5916\u7684\u6fc0\u52b1\uff09\uff0c\u5426\u5219\u8fdb\u5165\u5230\u4e2d\u671f\u9009\u4e3e\uff0c\u90a3\u4e48\u4e0d\u6392\u9664\u4f1a\u5728\u66f4\u957f\u65f6\u95f4\u4e0a\u88ab\u6682\u65f6\u6401\u7f6e\u3002<\/p>\n<p><strong>\u4ee5\u4e0b\u4e3a\u8be6\u7ec6\u5206\u6790<\/strong><\/p>\n<h3><strong>\u4e00\u3001Coinbase \u4e3b\u4e1a\u4ecb\u7ecd<\/strong><\/h3>\n<p>Coinbase \u662f\u4e00\u4e2a\u56f4\u7ed5\u865a\u62df\u8d44\u4ea7\uff0c\u4ece\u4ea4\u6613\u6240\u8d70\u51fa\uff0c\u81f4\u529b\u4e8e\u6253\u9020\u4e00\u4e2a\u94fe\u4e0a\u7efc\u5408\u91d1\u878d\u573a\u666f\u7684\u5e73\u53f0\uff0c\u76f8\u5bf9\u4e8e\u540c\u884c\u6765\u8bf4\uff0c\u6700\u5927\u7684\u4f18\u52bf\u5c31\u662f\u5408\u89c4\u53cb\u597d\u3002\u8fd9\u5728\u76d1\u7ba1\u4e3b\u52a8\u8ba4\u53ef\u5e76\u63a8\u52a8\u865a\u62df\u8d44\u4ea7\u5e02\u573a\u4e0b\uff0c\u6709\u671b\u5360\u5f97\u5148\u673a\u3002<\/p>\n<p>\u4ece\u6536\u5165\u8d21\u732e\u7684\u5927\u7c7b\u4e0a\u770b\uff0cCoinbase \u4e3b\u8981\u6709\u4e09\u9879\u521b\u6536\u6765\u6e90\uff1a<strong>\u4ea4\u6613\u6536\u5165\u3001\u8ba2\u9605\u6536\u5165\u3001\u5176\u4ed6\u3002<\/strong><\/p>\n<p>\u5176\u4e2d\u4ea4\u6613\u6536\u5165\u6781\u6613\u53d7\u4ea4\u6613\u884c\u60c5\u5f71\u54cd\uff0c\u4f46\u4e5f\u662f\u5f53\u4e0b Coinbase \u521b\u6536\u625b\u628a\u5b50\uff0c\u5360\u6bd4\u4ecd\u7136\u6709 50% \u4ee5\u4e0a\u3002\u8ba2\u9605\u6536\u5165\u548c\u5176\u4ed6\uff08\u5305\u542b\u6258\u7ba1\u7ed3\u7b97\u3001\u8d28\u62bc\u3001\u7a33\u5b9a\u5e01\u3001\u6570\u636e\/\u4e91\u4ee5\u53ca\u516c\u53f8\u6295\u8d44\u6536\u76ca\u7b49\uff09\uff0c\u5219\u66f4\u50cf\u662f\u8d77\u5230\u4e00\u4e2a\u6da6\u6ed1\u5242\u7684\u4f5c\u7528\uff0c\u7531\u4e8e\u589e\u957f\u76f8\u5bf9\u7a33\u5b9a\uff0c\u53ef\u4ee5\u7a0d\u5fae\u5e73\u6291\u4ea4\u6613\u6536\u5165\u7684\u6ce2\u52a8\u3002<\/p>\n<p>\u4f46\u4e00\u4e2a\u660e\u663e\u8d8b\u52bf\u662f\uff1a\u968f\u7740\u573a\u666f\u7684\u62d3\u5bbd\uff0c\u7ade\u4e89\u52a0\u5267\u3001\u4ee5\u53ca\u589e\u91cf\u8d44\u91d1\u6765\u6e90\u7684\u7ed3\u6784\u53d8\u5316\uff0cCoinbase \u672a\u6765\u5bf9\u4ea4\u6613\u6536\u5165\u7684\u4f9d\u8d56\u6027\u4f1a\u8d8a\u6765\u8d8a\u4f4e\u3002<\/p>\n<p>\u800c\u501f\u52a9\u4f4e\u8d39\u7387\u5438\u5f15\u7528\u6237\uff0c\u518d\u901a\u8fc7\u7efc\u5408\u91d1\u878d\u670d\u52a1\u6765\u6269\u5927\u9644\u52a0\u503c\uff0c\u662f Coinbase \u60f3\u8981\u4fc3\u6210\u7684\u5546\u4e1a\u6a21\u5f0f\u3002\u76ee\u524d\u800c\u8a00\uff0c\u4e3b\u8981\u662f\u501f\u52a9\u81ea\u8eab\u7684\u5408\u89c4\u4f18\u52bf\uff0c\u9488\u5bf9\u673a\u6784\u7528\u6237\u505a\u4e86\u8d39\u7387\u4f18\u60e0\u3002<\/p>\n<p>\u968f\u7740\u7a33\u5b9a\u5e01\u5728\u8de8\u5883 B2B \u4ea4\u6613\u3001RWA \u4e0a\u94fe\u7b49\u573a\u666f\u7684\u6e17\u900f\uff0c\u501f\u52a9\u865a\u62df\u8d44\u4ea7\u89c4\u6a21\u81a8\u80c0\u7684\u4e1c\u98ce\uff0cCoinbase \u6709\u671b\u6210\u4e3a\u6dd8\u91d1\u70ed\u7684\u5356\u6c34\u4eba\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/7b663dd9cfe55491af8de568af897173_1778232947.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x620\/gravity\/center\/crop\/!1440x620&ext=.jpg\" width=\"1930\" height=\"832\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/7f56ff4c78bcc706f5a52709d998a556_1778232947.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x737\/gravity\/center\/crop\/!1440x737&ext=.jpg\" width=\"1086\" height=\"556\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/3382ad38e372a97456e75897b0b79457_1778232947.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x406\/gravity\/center\/crop\/!1440x406&ext=.jpg\" width=\"1126\" height=\"318\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<h3><strong>\u4e8c\u3001\u5e73\u53f0\u6d3b\u8dc3\u5ea6\u4e0b\u964d<\/strong><\/h3>\n<p>\u5148\u6765\u770b Coinbae \u7684\u7528\u6237\u751f\u6001\u53d8\u5316\u3002<\/p>\n<p>\u4e00\u5b63\u5ea6\u56e0\u4e3a\u5b8f\u89c2\u73af\u5883\u7684\u4e0d\u786e\u5b9a\u6027\u66f4\u9ad8\uff0c\u4ea4\u6613\u7528\u6237\u51c0\u51cf\u5c11 90 \u4e07\u4eba\u5230 820 \u4e07\uff08Q4 \u7528\u6237\u6570\u7531\u5168\u5e74\u4ea4\u6613\u7528\u6237\u5e73\u5747\u503c 920 \u4e07\u53cd\u63a8\u800c\u6765\uff09\uff0c\u4eba\u5747\u4ea4\u6613\u989d\u73af\u6bd4\u4e0b\u964d 42%\uff0c\u8fdb\u4e00\u6b65\u89e6\u8fbe\u60c5\u7eea\u51b0\u70b9\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/dee8f7cfe09019c56fcae16a2ae77f1b_1778232947.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x644\/gravity\/center\/crop\/!1440x644&ext=.jpg\" width=\"1148\" height=\"514\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/6e21391e8e0a9a2533227e13663c6b2f_1778232947.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x673\/gravity\/center\/crop\/!1440x673&ext=.jpg\" width=\"1202\" height=\"562\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p><strong>\u5e73\u53f0\u8d44\u4ea7\u89c4\u6a21\u4e5f\u7ee7\u7eed\u840e\u7f29\uff0c<\/strong>\u5b63\u672b\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21 + \u9694\u79bb\u6258\u7ba1\u91d1\u5408\u8ba1 300 \u4ebf\uff08\u5305\u542b\u6cd5\u5e01\u89c4\u6a21\uff09\uff0c\u73af\u6bd4\u4e0b\u964d 21%\u3002\u4f46\u8fd9\u4e2a\u5b63\u5ea6\u9664\u4e86\u672c\u8eab\u5e02\u503c\u4e0b\u964d\u5f71\u54cd\u5916\uff0c\u66f4\u591a\u7684\u8fd8\u6709\u8d44\u91d1\u7684\u4e3b\u52a8\u6d41\u51fa\uff0c\u76f8\u6bd4\u7ade\u4e89\u5206\u6d41\uff0c\u6d77\u8c5a\u541b\u8ba4\u4e3a\u8fd9\u4e0e\u4e00\u5b63\u5ea6\u7684\u9ad8\u4e0d\u786e\u5b9a\u6027\u73af\u5883\u66f4\u6709\u5173\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/f3772563a4fba96bfe88162487d099e2_1778232948.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x659\/gravity\/center\/crop\/!1440x659&ext=.jpg\" width=\"1188\" height=\"544\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/f17d5b087724ccdf7ca25cd66ed3f36f_1778232948.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x682\/gravity\/center\/crop\/!1440x682&ext=.jpg\" width=\"1244\" height=\"590\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<h3><strong>\u4e09\u3001\u4ea4\u6613\uff1a\u9884\u671f\u4e2d\u627f\u538b\uff0cCoinbase \u5728\u73b0\u8d27\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e2d\u4efd\u989d\u7a33\u5b9a<\/strong><\/h3>\n<p>Coinbase \u7684\u77ed\u671f<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%9f%ba%e6%9c%ac%e9%9d%a2\" title=\"View all posts in \u57fa\u672c\u9762\" target=\"_blank\" class=\"tag_link\">\u57fa\u672c\u9762<\/a>\uff0c\u8fd8\u975e\u5e38\u4f9d\u8d56\u4ea4\u6613\u6536\u5165\uff08\u5360\u6bd4 53%\uff09\u3002Q1 \u540c\u6bd4\u4e0b\u6ed1\u4e86 40%\uff0c\u4e3b\u8981\u6e90\u4e8e\u4ea4\u6613\u91cf\u840e\u7f29\u4e86 36%\uff0c\u4f46\u76f8\u6bd4\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u6574\u4f53\u73b0\u8d27\u4ea4\u6613\u91cf\u4e0b\u6ed1 39% \u8981\u7565\u5fae\u597d\u4e00\u4e9b\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/acae23d9fc80622908d30370034d0460_1778232948.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x603\/gravity\/center\/crop\/!1440x603&ext=.jpg\" width=\"1260\" height=\"528\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p>\u884c\u4e1a\u4e0a\uff0c\u671f\u672b<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81\" title=\"View all posts in \u52a0\u5bc6\u8d27\u5e01\" target=\"_blank\" class=\"tag_link\">\u52a0\u5bc6\u8d27\u5e01<\/a>\u5e02\u503c\u56de\u843d\u5230 3 \u4e07\u4ebf\uff0c\u73b0\u8d27\u4ea4\u6613\u6240\u7684\u4ea4\u6613\u91cf\u540c\u6bd4\u4e0b\u6ed1 39%\uff0cCoinbase \u540c\u6bd4\u4e0b\u6ed1 36%\uff0c\u4efd\u989d\u7ee7\u7eed\u7565\u5fae\u56de\u5347\uff0c\u53ef\u80fd\u4e0e\u63a8\u51fa\u65b0\u4ea4\u6613\u54c1\u79cd\u4fc3\u8fdb\u7528\u6237\u6d3b\u8dc3\u3001\u7c98\u6027\u6709\u5173\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/d3fc87298f8e3d14e250f5b343d65317_1778232948.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x672\/gravity\/center\/crop\/!1440x672&ext=.jpg\" width=\"1152\" height=\"538\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p>\u6700\u7ec8\u4ea4\u6613\u6536\u5165\u4e3b\u8981\u8fd8\u662f\u7531\u89c4\u6a21\u4ee5\u53ca\u4ea4\u6613\u6ce2\u52a8\u5e26\u52a8\uff0c\u7efc\u5408\u964d\u8d39\u7684\u5927\u8d8b\u52bf\u57fa\u672c\u662f\u786e\u5b9a\u7684\u3002\u4e00\u5b63\u5ea6\u4ea4\u6613\u6536\u5165 7.6 \u4ebf\uff0c\u540c\u6bd4\u4e0b\u6ed1 40%\uff0c\u73af\u6bd4\u4e0b\u6ed1 23%<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/c9229e8b488b4ed4b1491a244dba7bec_1778232948.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x688\/gravity\/center\/crop\/!1440x688&ext=.jpg\" width=\"1288\" height=\"616\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/806cdddd59dee5c41ac2d91afb595610_1778232948.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x603\/gravity\/center\/crop\/!1440x603&ext=.jpg\" width=\"1260\" height=\"528\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<h3><strong>\u4e09\u3001\u8ba2\u9605\uff1aBase \u94fe\u7ee7\u7eed\u6269\u5f20<\/strong><\/h3>\n<p>\u4e00\u5b63\u5ea6\u8ba2\u9605\u6536\u5165 5.8 \u4ebf\u73af\u6bd4\u4e0b\u6ed1 20%\uff0c\u4e0b\u5b63\u5ea6\u6307\u5f15\u4e2d\u4f4d\u6570 6.05 \u4ebf\uff0c\u73af\u6bd4\u589e\u957f\uff0c\u4f53\u73b0\u663e\u793a\u5f53\u4e0b\u73af\u5883\u6301\u7eed\u597d\u8f6c\u7684\u9884\u671f\u3002<\/p>\n<p>\u7ec6\u5206\u6765\u770b\uff1a<\/p>\n<p>\uff081\uff09\u5360\u8ba2\u9605\u6536\u5165 20% \u7684\u533a\u5757\u94fe\u8d28\u62bc\u5956\u52b1\u6536\u5165\uff0c\u56e0\u4e3a ETH\u3001SOL \u7b49\u4ef7\u683c\u4e0b\u8dcc 30%\uff0c\u4e5f\u73af\u6bd4\u8dcc\u4e86 34%\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/60da3c96aeac2f947da50b6655414202_1778232949.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x691\/gravity\/center\/crop\/!1440x691&ext=.jpg\" width=\"1262\" height=\"606\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p>\uff082\uff09\u5360\u6bd4\u4e00\u534a\u7684\u7a33\u5b9a\u5e01\u5229\u606f\u6536\u5165\uff0cUSDC \u53d1\u884c\u89c4\u6a21\u73af\u6bd4\u6709\u6240\u589e\u52a0\uff0c\u4f46\u53d7\u5230\u53bb\u5e74\u672b\u7684\u964d\u606f\u5f71\u54cd\uff0c\u53d8\u73b0\u7387 take rate \u8d70\u4f4e\u3002<\/p>\n<p>Coinbase \u6301\u6709 USDC \u7684\u4efd\u989d\u5219\u7ee7\u7eed\u73af\u6bd4\u589e\u52a0\u4e86 1pct\uff0c\u8fbe\u5230 24.7%\uff0c\u4e0d\u8fc7\u8fd9\u5728\u7a33\u5b9a\u5e01\u6fc0\u52b1\u5360\u6bd4\u63d0\u9ad8\u7684\u60c5\u51b5\u4e0b\uff0c\u7ecf\u6d77\u8c5a\u541b\u7c97\u7565\u8ba1\u7b97\uff0c\u76ee\u524d Coinbase \u7ed9\u5230\u7528\u6237\u7684\u7a33\u5b9a\u5e01\u6fc0\u52b1\u5206\u6210\u8fbe\u5230\u4e86 60%\uff0c\u800c\u53bb\u5e74\u8fd8\u662f 40%\u3002<\/p>\n<p>\u76ee\u524d\u5173\u4e8e\u7a33\u5b9a\u5e01\u5229\u606f\u662f\u5426\u8fd8\u4f1a\u88ab\u5141\u8bb8\u53d1\u653e\uff0c\u6210\u4e3a CLARITY \u6cd5\u6848\u7684\u4e89\u8bae\u70b9\uff0c\u9884\u8ba1\u6700\u7ec8\u8fd8\u662f\u4ee5\u6298\u4e2d\u65b9\u6848\u843d\u5730\uff0c\u5426\u5219\u6cd5\u6848\u53ea\u80fd\u7ee7\u7eed\u50f5\u6301\u3002<\/p>\n<p>\u7ba1\u7406\u5c42\u5bf9 Q2 \u8ba2\u9605\u6536\u5165\u6307\u5f15\u533a\u95f4\u4e3a 5.65-6.45 \u4ebf\u7f8e\u5143\uff0c\u73af\u6bd4\u7565\u6709\u589e\u52a0\uff0c\u4e3b\u8981\u6e90\u4e8e\u884c\u60c5\u7684\u56de\u6696\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/5c9f2d13cc257ffd4a793070481ac646_1778232949.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x686\/gravity\/center\/crop\/!1440x686&ext=.jpg\" width=\"1246\" height=\"594\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/5da9552e92766f1d4351908c3945c719_1778232949.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x633\/gravity\/center\/crop\/!1440x633&ext=.jpg\" width=\"1232\" height=\"542\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/10723a21efe874874c4a95790384d16e_1778232949.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x617\/gravity\/center\/crop\/!1440x617&ext=.jpg\" width=\"1190\" height=\"510\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p>\uff083\uff09\u5269\u4f59 10% \u7684\u5176\u4ed6\u8ba2\u9605\u6536\u5165\uff0c\u4e3b\u8981\u662f\u6307\u673a\u6784\u8d44\u91d1\u6258\u7ba1\u3001Base \u94fe\u6536\u5165\u7b49\u3002\u6258\u7ba1\u6536\u5165\u53ef\u80fd\u4ecd\u53d7\u884c\u60c5\u5f71\u54cd\uff0c\u4f46 Base<\/p>\n<p>\u94fe\u6536\u5165\u8fd8\u80fd\u5728 AI Agent \u652f\u4ed8\u6d3b\u52a8\u7684\u9a71\u52a8\u4e0b\u4fdd\u6301\u7a33\u5b9a\u6269\u5f20\u3002\u76ee\u524d Base \u94fe\u5360\u5e73\u53f0\u5185\u7a33\u5b9a\u5e01\u4ea4\u6613\u89c4\u6a21\u7684 62%\uff0cAI Agent \u4ea4\u6613\u4e2d 90% \u4ee5\u4e0a\u53d1\u751f\u5728 Base \u94fe\u4e0a\uff0c99% \u4f7f\u7528 USDC \u7ed3\u7b97\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/67aef8dfb5d0dac5fda60591f693e8b6_1778232949.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x463\/gravity\/center\/crop\/!1440x463&ext=.jpg\" width=\"1634\" height=\"526\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<h3><strong>\u56db\u3001\u76c8\u5229\u8fdb\u4e00\u6b65\u5d29\u584c<\/strong><\/h3>\n<p>\u6536\u5165\u5d29\u584c\u3001\u4f46\u6210\u672c\u521a\u6027\u4e0b\uff0c\u516c\u53f8\u7684\u76c8\u5229\u538b\u529b\u5c31\u6bd4\u8f83\u5927\uff0c\u4e0e\u6b64\u540c\u65f6\uff0cCoinbase \u5728 Q1 \u8fd8\u589e\u52a0\u4e86\u7814\u53d1\u6295\u5165\uff08\u4f53\u73b0\u7684\u662f Q4 \u6536\u8d2d Deribit \u7684\u6210\u672c\uff0c\u4ee5\u53ca\u5728\u63a8\u51fa\u80a1\u7968\u4ea4\u6613\u300124*7 \u6c38\u7eed\u5408\u7ea6\u3001\u4e8b\u4ef6\u9884\u6d4b\u7b49\u4ea7\u54c1\u521b\u65b0\u4e0a\u7684\u52a8\u4f5c\uff09\uff0c\u4f7f\u5f97 Q1 \u6838\u5fc3\u7ecf\u8425\u5229\u6da6\u76f4\u63a5\u540c\u6bd4\u4e0b\u964d 90%+\u3002<\/p>\n<p>\u516c\u53f8\u5df2\u7ecf\u63a8\u52a8\u88c1\u5458 14% \u6765\u63d0\u9ad8\u7ecf\u8425\u6548\u7387\uff08\u4f18\u5316 700 \u4eba\uff0c\u96c6\u4e2d\u5728\u7ba1\u7406\u8fd0\u8425\u5c97\uff09\uff0c\u9884\u8ba1\u4e8c\u5b63\u5ea6\u843d\u5b9e\uff0c\u77ed\u671f\u4ea7\u751f\u7ea6 0.5 \u4ebf\u7684\u9063\u6563\u8865\u507f\u652f\u51fa\u3002<\/p>\n<p>\u6700\u7ec8\u770b Q4 \u6838\u5fc3\u7ecf\u8425\u5229\u6da6\u53ea\u6709 4900 \u4e07\uff08\u4e0d\u542b\u6295\u8d44\u635f\u76ca\u3001\u5229\u606f\u6536\u5165\u8d39\u7528\u7b49\uff09\uff0c\u73af\u6bd4\u4e0b\u6ed1 84%\u3002<\/p>\n<p>\u4e3a\u4e86\u5e73\u6ed1\u6298\u65e7\u644a\u9500\u7684\u6295\u5165\u5468\u671f\u5728\u5176\u4e2d\u7684\u6ce2\u52a8\u5f71\u54cd\uff0c\u5e02\u573a\u4f1a\u5173\u6ce8\u7ecf\u8c03\u6574 EBITDA \u7684\u53d8\u5316\uff0c\u4e00\u5b63\u5ea6\u7ecf\u8c03\u6574 EBITDA \u4e3a 3.03 \u4ebf\uff0c\u5229\u6da6\u7387 22%\uff0c\u73af\u6bd4\u964d\u4f4e\u4e86 10pct\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/c234387965697a6f7a22dc1715a88a6d_1778232949.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x666\/gravity\/center\/crop\/!1440x666&ext=.jpg\" width=\"1356\" height=\"628\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/821bec65205392b8d5fe23a48caa446f_1778232950.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x681\/gravity\/center\/crop\/!1440x681&ext=.jpg\" width=\"1314\" height=\"622\" alt=\"Coinbase\uff1a\u65f1\u5730\u5df2\u4e45\uff0c\u9759\u5f85\u653f\u7b56 \u201c\u53ca\u65f6\u96e8\u201d\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<p>(\u6765\u6e90\uff1a\u949b\u5a92\u4f53)<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u6587 | \u6d77\u8c5a\u7814\u7a76 $Coinbase(COIN.US) \u4e00\u5b63\u62a5\u53d1\u5e03\uff0c\u5927\u90e8\u5206\u662f &ldquo;\u9884\u60f3&rdquo; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[266,252,353,96,173,333,49,265,241,103,370,34,42,385,192],"views":15,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/775682"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=775682"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/775682\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=775682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=775682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=775682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}