$Coinbase Global, Inc.(COIN)$
Despite the negative outlook for COIN stock, it’s also possible that Clinch could beoptimisticabout the underlying company and crypto exchanges as a whole. Essentially, one of the longstanding risks against crypto is the potential for permanent demand destruction.
Unlike participating in the equities market, cryptos tend to be azero-sum game: In order for you to win, someone else must lose. Your winnings (minus certain administrative costs) are equal to that of the amount lost on the other side of the trade. Of course, intense and sustained demand for cryptos obfuscates this reality.
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