Nansen的最新分析揭示了Coinbase（硬币）长期增长的潜力，尽管近期收入逆风，并引用了监管进度，产品多样性和被低估的指标。

区块链分析公司Nansen发布了一份研究报告绘画Coinbase（NASDAQ：COIN），这是一项令人信服的长期投资，尽管预计近期收入会下降，这是受监管进步和不断扩大的产品生态系统的推动。

Crypto derivatives exchange FTX's bankruptcy filing last year brought to light the exchange's use of undisclosed derivatives products to generate revenue. Now, a new report by blockchain analytics firm Nansen delves deeper into FTX's derivatives strategy, revealing a staggering $15 billion in annualized revenue potential.

加密衍生品交易所FTX去年的破产申请揭示了交易所使用未公开的衍生产品产品来产生收入。现在，区块链分析公司Nansen的一份新报告更深入地研究了FTX的衍生工具战略，揭示了150亿美元的年度收入潜力。

The report, titled "A Deep Dive into FTX's Derivatives Products and Revenue Potential," provides a comprehensive analysis of FTX's derivatives business and its role in the exchange's overall revenue generation. According to Nansen, FTX's derivatives products, which included futures, options, and other complex derivatives, had the potential to generate an astounding $15 billion in annualized revenue at peak usage.

该报告的标题为“深入介绍FTX的衍生产品产品和收入潜力”，对FTX的衍生品业务及其在交易所的整体收入产生中的作用进行了全面分析。根据Nansen的说法，FTX的衍生产品产品（包括期货，期权和其他复杂衍生品）有可能在使用峰值时产生惊人的150亿美元的年增长率。

"FTX's derivatives products were a key driver of the exchange's revenue and profitability," said the report. "At peak usage, we estimate that FTX's derivatives products could have generated up to $15 billion in annualized revenue."

报告说：“ FTX的衍生产品产品是交易所收入和盈利能力的主要驱动力。” “在使用峰值时，我们估计FTX的衍生产品产品本可以产生高达150亿美元的年度收入。”

The report further noted that FTX's derivatives products were also used to hedge the exchange's own cryptocurrency holdings and to provide liquidity to the market. These activities, in turn, generated additional revenue streams for FTX.

该报告进一步指出，FTX的衍生产品产品也被用来对冲交易所自己的加密货币持有物并为市场提供流动性。这些活动反过来为FTX产生了额外的收入来源。

"FTX's derivatives products were used for a variety of purposes, including hedging the exchange's own cryptocurrency holdings, providing liquidity to the market, and generating revenue," added the report.

报告补充说：“ FTX的衍生产品产品用于多种目的，包括对冲该交易所自己的加密货币持有量，为市场提供流动性并产生收入。”

However, the report cautions that these revenue estimates are based on several assumptions and may not reflect the actual revenue that FTX generated.

但是，该报告警告说，这些收入估算是基于几个假设，并且可能无法反映FTX产生的实际收入。

"It is important to note that these revenue estimates are based on several assumptions and may not reflect the actual revenue that FTX generated," the report noted.

报告指出：“重要的是要注意，这些收入估算是基于几个假设，可能不会反映FTX产生的实际收入。”

Despite the potential for massive revenue, FTX's derivatives business faced several challenges, including high operating costs, regulatory uncertainty, and the risk of market manipulation. These challenges ultimately led to the exchange's downfall, with FTX filing for bankruptcy in November 2024.

尽管有可能获得大量收入，但FTX的衍生品业务仍面临着几个挑战，包括高运营成本，监管不确定性和市场操纵风险。这些挑战最终导致了交易所的倒台，FTX于2024年11月提出破产。

"FTX's derivatives business was a double-edged sword," the report concluded. "On the one hand, it had the potential to generate enormous amounts of revenue and help FTX become a leading cryptocurrency exchange. On the other hand, the business was also very risky and ultimately led to the exchange's downfall."

报告总结说：“ FTX的衍生品业务是一把双刃剑。” “一方面，它有可能产生大量的收入，并帮助FTX成为领先的加密货币交易所。另一方面，该业务也很风险，并最终导致了交易所的失败。”

As the crypto industry continues to evolve, the focus on derivatives products is expected to remain significant. Institutions and retail traders alike are increasingly turning to these instruments to manage risk and generate returns in the volatile cryptocurrency market.

随着加密货币行业的不断发展，对衍生产品产品的关注预计将保持重要意义。机构和零售商人都在越来越多地转向这些工具来管理风险并在挥发性加密货币市场中产生回报。

The report from Nansen provides valuable insights into the workings of FTX's derivatives business and highlight the exchange's efforts to expand its product offerings and generate new revenue streams. However, it's crucial to remember that these estimates are based on limited data and may not provide a complete picture of FTX's financial performance. Nevertheless, the analysis underscores the potential for substantial revenue generation in the crypto derivatives market.

Nansen的报告为FTX衍生品业务的运作提供了宝贵的见解，并强调了交易所扩大其产品产品并产生新的收入来源的努力。但是，要记住，这些估计值是基于有限的数据，并且可能无法提供FTX财务绩效的完整情况。然而，该分析强调了加密衍生品市场中大量收入产生的潜力。