Phenomenal write-up and breakdown. Will be curious to see how Coinbase holds up to increase competition from platforms with cheaper fees. Almost shorted COIN yesterday at 377 and now that it gapped down today, kind of wish I had
IMO, while Coinbase is facing headwinds from a qualitative standpoint, it remains the number one exchange in the U.S. Therefore, despite my bearish outlook on COIN, I would refrain from shorting it.
and the agreement for rev share between circle and coinbase elapses in like 14 months. new terms will probably be renegotiated which wouldn't be as favourable to coinbase today, which adds further risk to that part of coinbase revenue stream.
Phenomenal write-up and breakdown. Will be curious to see how Coinbase holds up to increase competition from platforms with cheaper fees. Almost shorted COIN yesterday at 377 and now that it gapped down today, kind of wish I had
IMO, while Coinbase is facing headwinds from a qualitative standpoint, it remains the number one exchange in the U.S. Therefore, despite my bearish outlook on COIN, I would refrain from shorting it.
interesting read.
and the agreement for rev share between circle and coinbase elapses in like 14 months. new terms will probably be renegotiated which wouldn't be as favourable to coinbase today, which adds further risk to that part of coinbase revenue stream.