3 ms·

Sure, but if there's no more "number goes up", and people stop trading crypto, then Coinbase's revenue vanishes.

• cbm-vic-20 4y ago
  They get a cut in both directions.
  • mertd 4y ago
    That's why the parent emphasized "trading stops", as in there is no trading in any direction.
  • dwater 4y ago
    Both directions meaning buying and selling, not active market and dead market like the parent comment is talking about. What's their cut of trades on Terra today?
  • dpbriggs 4y ago
    Their revenue is proportional to volume. Which we can expect to eventually plummet as people are skittish to enter and happy to exit.
    • ineedasername 4y ago
      And their revenue is dollar denominated. Even if the volume of coins traded remained the same, if the dollar-denominated value of those coins drop then so does revenue.