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Coinbase doesn't need to care about the value of crypto, it makes money on fees when people buy or sell against USD. All it should care about is the traded volu
by iLoveOncall 4y ago
Coinbase doesn't need to care about the value of crypto, it makes money on fees when people buy or sell against USD. All it should care about is the traded volumes, and they don't necessarily have to be a lot lower in a bear market.
- ascendantlogic 4y agoBut they almost always are a lot lower during bear cycles.
- puranjay 4y agoVolume dies completely in bear markets We’re not even in a proper bear market and its already collapsing Just see dex trading volume metrics or OpenSea volume data on Dune.com - a much better indicator of the state of the crypto markets since you can’t hide on chain data
- ryanSrich 4y agoVolume barely exists during a bear market. Attention is the currency by which crypto lives and dies. Even negative attention is attention. A bear market is the lack of attention. It has nothing to do with the macro price of any coin.
- JumpCrisscross 4y ago> Coinbase doesn't need to care about the value of crypto, it makes money on fees when people buy or sell against USD Coinbase ran a gambling business like an exchange business. That's their mistake. The guys who knew they were running unregulated slot machines are doing fine.
- matwood 4y agoThe value of crypto drives interest and thus trading volumes.
- wombat-man 4y agoThe problem is, there are a number of other exchanges out there, and they are going to need to get competitive on fees. They aren't the only game in town now and other exchanges are advertising heavily.