I take the other side. I don’t think fees come “crashing” down. However I don’t know any trading platform where premium pricing has been maintained without a monopoly on the product. CB doesn’t have a monopoly on crypto but I agree they have consumer trust.
I've heard some say $COIN is a short bc their high trading fees will come crashing down. I disagree.
Coinbase has:
- Robinhood-esque UI
- Massive marketing budget
- Consumer trust in a market known for scams
Pricing power can stay around much longer than market may expect.
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If the SEC wanted to help investors, it would approve crypto ETFs, which would trade as equites, with 0 commissions & tight spreads. THAT is the greatest threat to their margins in the U.S. That said, it would also increase volumes in the asset class, which is offsetting...
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This can change very quickly. Assuming one or more others (http://Binance.US , Kraken, Gemini, Voyager, Cove, etc) can become as trusted and well marketed, they could force Coinbase’s hand in the same way that Robinhood or Schwab did in traditional markets.
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True, and that's imo the hardest game to win. Coinbase's clean hacking/scam record & massive marketing push will make them hard to overcome.
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And seriously, fees are lower than binance... (on coinbase pro).
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In addition to this,
$COIN can still grow profits by cutting fees if trading volume continues to increase, and I don’t see why it won’t.Thanks. Twitter will use this to make your timeline better. UndoUndo
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The boys @simpforskew69 and I had a nice little chat about this recently in fact brokerage-tier commission race to zero; massive reliance on retail; DeFi waiting in the wings to take away CeFi's spoils.... idk man, wouldn't own
$COINhttps://twitter.com/SocietyGoBrrrrr/status/1397713772844879873 …
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Not when there r new platforms opening up They can only lose marketshare.They cannot gain any more. The game is theirs to lose per say. Sure they may be a stable cash cow like the cme but unless they innovate , it's going to be hard to maintain dominance over time. Time will tell
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$COIN's trading fee erosion narrative, even if true, should not deter LT investors. The real LT thesis here is a visionary leader@brian_armstrong, backed by financial and organizational power, connecting dots in the crypto economy for years to come.Thanks. Twitter will use this to make your timeline better. UndoUndo
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