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Reply to "Coinbase IPO"
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[quote=Anonymous][quote=Anonymous]Yeah, the major problem with CB is that they get like 90% of their revenues from trading fees. When the crypto market bursts, and people stop buying as they realize it is a bad asset class, the revenue will plummet. CB seems to only have a downside.[/quote] It's not even that the crypto market might burst, it's that tons of other financial services companies are letting their customers trade Bitcoin, Ethereum, etc. So there will be big competition on fees. Coinbase charges really high trading fees, but their competitors won't. Same thing happened with stocks - lots of companies have zero fee trading.[/quote]
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