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actually coinbase’s revenue tracks pretty well to bitcoins price. as when the price crashes people lose interest in it and volume goes way down. this is basical
by ffggvv 5y ago
actually coinbase’s revenue tracks pretty well to bitcoins price. as when the price crashes people lose interest in it and volume goes way down. this is basically what happened between the end of the last bull market and the start of this one
and the same is true for robinhood with stocks. bull market attracts more investors trying to get rich and drives volume. in turn when it crashes the volume dries up as retail loses interest
- surfingdino 5y agoI am not surprised to learn that, but I will still maintain that exchanges are fairly immune to the fate of the securities/commodites/assests traded on them. Crypto today is a more complex, evolved sphere than four years ago and most of the value is not in the price of this or other coin/token but in the smart contracts. Which is something that Bitcoin does not have, but for some reason people see it as a valuable asset.