Hide Not Slide

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.

What’s your thoughts on their insane fees? Takes 2 seconds for a typical $coin customer to switch to a competitor with a more inclusive offering like $vygr if needed. I feel like their user base lacks critical stickiness, paired with monopoly level fees seems tough to justify

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.

Coinbase Pro is arguably CB's biggest threat right now with arguably better functionality & lower fees, but we don't see everyone switching to it. Ease of use matters more in crypto than investors may first appreciate