Although I like to shit on $COIN, I don't see how they aren't gonna print money if crypto does well or bad. They are an exchange whose volume ballooned YTD.https://twitter.com/HideNotSlide/status/1397179446306746370 …
At this point it's almost impossible for them not to make $5-$6 billion in revenue this year. I get long term projections may not be rising but their ability to capitalize on short term crypto vol is pretty impressive.
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This is the million $ question and one I'm actively trying to better understand. Like any retail consumer company brand matters a ton & Coinbase is the #1 crypto brand in the US. My guess is most retail customers won't care to switch unless a big trigger causes them to change.
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Yeah, they also make money on listing applications or something of that sorts right? I can see the bear case being: Music is slowing down, every shitcoin mean reverts and we go back to only trading like 10 coins. But it seems poised to do well in the ST.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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