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Agreed. As I've pointed out elsewhere, Coinbase trading fees are about 60x those of NYSE, Nasdaq, etc.; and Coinbase siphons off about 0.4% of the entire crypto
by FabHK 6y ago
Agreed. As I've pointed out elsewhere, Coinbase trading fees are about 60x those of NYSE, Nasdaq, etc.; and Coinbase siphons off about 0.4% of the entire crypto market cap per annum.
I don't see how that is sustainable at all.
- solveit 6y agoIt's not. But it doesn't have to be sustainable to justify the current valuation. Indeed if it were sustainable, Coinbase would be worth many many times what it is now.
- FabHK 6y agoWhat P/E ratio do you calculate with? IIRC, a normal valuation (not predicated on growth) would value it at a quarter of what it is now.