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I think its safe to say that cryptocoin volume for the near future is dead. Coinbase makes its profits / revenue off of trades, akin to how ETrade used to offe
by dragontamer 4y ago
I think its safe to say that cryptocoin volume for the near future is dead.
Coinbase makes its profits / revenue off of trades, akin to how ETrade used to offer $7 per trade, Coinbase skims a touch of money per trade to enable BTC and USD exchanges.
The fewer people exchanging BTC / ETH / USD / (etc. etc.), the less money Coinbase makes. And vice versa, the more people doing this activity, the more money Coinbase makes.