2 ms·
> They have a reasonable sized moat then no? Do they? I'd rather own a couple of major exchanges in today's financial system for the same price. ICE net i
by kgwgk 6y ago
> They have a reasonable sized moat then no?
Do they? I'd rather own a couple of major exchanges in today's financial system for the same price.
ICE net income $2.1bn market cap $63bn
NDAQ net income $0.5bn market cap $23bn
CME net income $2.1bn market cap $72bn
CBOE net income $0.4bn market cap $11bn
- dannyw 6y agoYou've listed exchanges, but Coinbase is much more than just an exchange. They are also a broker, as well as bank (provision of loans), custody-provider, etc. here are some brokers... Charles Schwab (SCHW): $119.81bn Interactive Brokers (IBKR): $32.47bn
- andy_ppp 6y agoI mean if they get their mission done they’ll be worth more...
- colinmhayes 6y agoCoinbase's real value seems like it'll be its ability to use deposits to provide loans. Big money in banking.
- kgwgk 6y agoMost banks do not have a $100bn valuation though.