blashblash
2022-06-29

$Coinbase Global, Inc.(COIN)$ it is interesting to follow how a business which used to charge premium prices to retail customers  (400 bps/4% as commission) adapt when competitors stop charging fees?  Will it cost structures hold up? Can it be competitive? Will it lose customers? Will it become a cautionary tale?  

https://decrypt.co/103483/binance-us-eliminating-fees-on-bitcoin-trades 

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Comments

  • MatthewWalter
    2022-06-29
    MatthewWalter
    20% price swings every few days. There is no better example of market manipulation than that. Easy money.
  • EmilyMark
    2022-06-29
    EmilyMark
    dont they make money off more volume/transactions? how is this getting destroyed as crypto volume is pushing past 20bil a day
  • FranklinMorley
    2022-06-29
    FranklinMorley
    this is going to the 40's, bitcoin looks like it's going to collapse. I have a price alert at 0.00. It will probably go off one of these days
  • BellaFaraday
    2022-06-30
    BellaFaraday
    I don't like Coinbase Global either, but I wouldn't dare short it.
  • MortimerDodd
    2022-06-30
    MortimerDodd
    It seems that you are very pessimistic about the future performance of the stock.
  • EvanHolt
    2022-06-30
    EvanHolt
    COIN is really not competitive enough right now.
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