In the short run, how much money can crypto gaming absorb?

The crypto beat was active this week, with Coinbase results providing insight into the asset class’s robust trading activity in the third quarter. If you remember Robinhood’s earnings, Coinbase’s offer won’t come as a shock. Coinbase’s aggregate trading volumes and income declined substantially in the second quarter of the year, after a steep drop in the American stock investing platform’s crypto revenues.

In related news, FTX’s U.S. operations revealed some of their own performance statistics, demonstrating that, despite a general decreasing trend in the three-month period ending this September, growth in the crypto trading market is still feasible.

All of this is to indicate that the cryptocurrency market continues to change — molt? — at a breakneck pace. The activity surrounding big chains and lesser coins might vary dramatically from quarter to quarter. This entails fluctuating sales and earnings for firms like Coinbase.

However, because Coinbase is cash-rich, short-term ups and downs aren’t a major concern as long as crypto activity’s long-term trend remains favorable.

Crypto-gaming firms are another group of enterprises depending on a long-term increasing trend. They’ve been quite busy in recent months. Patron, for example, recently secured a $90 million fund to…