$Coinbase Global, Inc.(COIN)$ I own Coinbase, but I often wonder how strong their moat really is. If Schwab, Fidelity, or other major players decided to start offering crypto trading, what would Coinbase's competitive edge be? Their first-mover advantage is clear, and they’ve built trust within the crypto community, but is that enough to fend off competition from financial giants with massive client bases and resources? It's something worth considering, especially as the industry matures and attracts more traditional finance players.
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