Coinbase plans to go public on April 14 under ticker "COIN"
Congrats to all coinbase employees
What do you think about the valuation? Do you think it will go higher in short term?
Very closely tied to BTC They make 0.05% transaction fees and much of the profit is derived from it. More competition erodes those high fees.... Moreover a drop in BTC value also drops the transaction value significantly..... so they could go from 300M profit to 90M loss if BTC drops 70% But if crypto mainstream adoption takes off, they are well poised for the long term game.....since they are attacking the space from all angles (bank, payment portal, brokerage, exchange, market maker etc)
Going all in with margin 😎🙈
Uhhhhhh good luck with that🚀
The next Pets.com that gets written into history books.
How? Q1 2021 expected revenue is $2.44B. Also gained 10 million verified users in the last year.
How can their Q1 revenue be 2.4B?
I’d rather just buy BTC tbh
Going to buy all the dips.