This is interesting for those of us who trade and not just opine:- https://www.theblockcrypto.com/linked/100490/bitcoin-btc-price-66000-south-korea-kimchi-premium
@vanzandt Here's a thread on the Coinbase $coin metrics released today. Post #3 is interesting As an aside, $BNB cypto token has been doing great as a comps play
I heard that when it first came out. $1.8B for the quarter. But what I heard... and I didn't post anything because it was cnbc.... and I tried to do a quick google news search to no avail.... but CNBC said they had $800M in ng earnings. I mean this is a HUGE margin. That's why I didn't post anything... that can't be right. We're talking margins that are equal to beast software companies that have been around awhile and paid their dues. Like CRM. I was in a hurry so I didn't dig deeper, but if they made $800M on 1.8B.... if that is in fact correct.... buy this thing like no tomorrow. It can't be right.
The CME and Bakkt are not 24/7 which is one reason a lot of traditional exchanges are playing catch up to Coinbase when it comes to cryptos and traditional finance don't trade native cryptos, mentioned in the the thread that Coinbase fortune is tied to the bull market Not sure how Robinhood, Ameritrade or Charles Schwab will unseat Coinbase in this cryptos market. It's not possible unless they start trading 24/7, accept deposits and withdrawals of cryptos i.e. btc, eth, ltc, and start trading exotic cryptos pairs Coinbase will continue to dominate the US cryptos market, unless Gemini or Kraken or another crypto native competitor start to gain ground This Q1 Coinbase results may be difficult to duplicate or surpass even for Coinbase
Coinbase is closer to offering tradFi securities tokenized on a blockchain than the competition is to offering crypto.
I agree. The thing is tradFi legacy infrastructure are not built for 24/7 and near-instant final settlement I cringe when I do Venmo or Zelle transfer to someone and have to wait a business day or 2, just for the money to be out of my bank account