Because they have huge revenue and even profit in 2020. 1.14 billion revenue 2020, $322 million net income. A thesis of the risk of their profit being tied to

Because they have huge revenue and even profit in 2020. 1.14 billion revenue 2020, $322 million net income. A thesis of the risk of their profit being tied to crypto prices is that big retail trading volume relies on rising prices or at least rising sentiment/popularity. On the other hand, can argue probably not super important (unless they have huge settlement risk). Falling price = sell orders (and someone buying on the other side of transaction). Unless everything goes to zero, which seems like a low probability barring extreme world-wide government regs. https://www.cnbc.com/2021/02/25/coinbase-files-for-direct-listing-after-revenue-more-than-doubles-in-2020.html https://www.cnbc.com/2021/02/25/coinbase-files-for-direct-li...