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Sure they have valid points but I am more sure that if the price of Bitcoin and other major cryptos kept moving on up this would not be a thing. This is the ke
by monkeydust 4y ago
Sure they have valid points but I am more sure that if the price of Bitcoin and other major cryptos kept moving on up this would not be a thing.
This is the key problem with crypto only exchanges.
At some point (probably further down in share price) they will become a target for existing exchanges looking to diversify - ICE, CME
- SilverBirch 4y agoCME Group has a market cap of about $70Bn. I would say that COIN looks like a good acqusition target in the 5-10Bn range. I could see that as a good exit strategy for a company like coinbase. Unfortunately COIN is currently worth 15, and was worth around 70Bn last year.