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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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.
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.
