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Why do you expect this? Bitcoin is supply limited, but you can take trading fees over and over forever.
by Qworg 4y ago
Why do you expect this? Bitcoin is supply limited, but you can take trading fees over and over forever.
- alar44 4y agoCorrect. If anything, Coinbase's value should be tied to the volatility of the crypto market. Doing a quick search of various crypto volatility indexes, this appears to check out, roughly.
- hackernewds 4y agoThe trick though is volatility = both times of lows and highs. So it can survive down times are well as when times are good
- xiphias2 4y agoNot really, the margins naturally go down, Coinbase has no monopoly on trading, but Bitcoin has network effect. Coinbase made more money on trading fees than the whole ICE exchange, it's not sustainable.