> Coinbase whole business is spreads. Coinbase collects fees. Even if the spread is minimal (I think Bitcoin goes to something silly like 8 decimals but even

> Coinbase whole business is spreads. Coinbase collects fees. Even if the spread is minimal (I think Bitcoin goes to something silly like 8 decimals but even for a book in USD, the bid/ask spread may be 39 842.54 vs 39 482.55, so a spread of one cent), Coinbase still takes a fee on every trade. And they take a fee from both the buyer and the seller. I'm not sure their business is related to spreads.