Looks promising to me, might be one way for the street to weight in crypto in-lieu of the failed ETFs from the past attempts of Gemini's founders
Would you invest in coinbase stock? If you think they will do well, then why not just buy a crypto (Bitcoin or Eth) itself rather than Coinbase stock?
If the value of crypto goes down Coinbase could still be making a fortune. All that matters is people are using Coinbase to trade crypto. Coinbase is also just one major security incident away from being worth nothing regardless of the value of the currencies.
Wouldn’t buy the stock
Seems like an oxymoron and bs. Sure there are factors to consider here, but the point of crypto is to be an alternative medium of investment to equities. Would I buy the IPO maybe, but I’d hold and dump it if it pumps. Not a fan long term.
So?