Coinbase was successful because their biggest competitor at the beginning was Mt Gox. Big VC firms saw the opportunity and pumped crypto for the past decade and

Coinbase was successful because their biggest competitor at the beginning was Mt Gox. Big VC firms saw the opportunity and pumped crypto for the past decade and those small exchanges imploded. Well now crypto is ‘legitimate’ and Coinbase has to compete with big players. They’ll probably stick around but their market share will continue to decline. Not much growth there, writing is on the wall.