EddieJayonCrypto
13 Feb 24
Coinbase stock has surged more than 100% since the last article, demonstrating strength in the cryptocurrency exchange market. With a market capitalization now standing at $33 billion, Coinbase has gained significant attention from investors. However, despite decentralized finance being recentralize...
Coinbase stock has surged more than 100% since the last article, demonstrating strength in the cryptocurrency exchange market. With a market capitalization now standing at $33 billion, Coinbase has gained significant attention from investors. However, despite decentralized finance being recentralized, leading to increasing trust in regulated intermediaries like Coinbase, sustainability is still uncertain. Coinbase has yet to demonstrate marked improvements in market share and profit margins, particularly trailing behind exchanges like CME.
Given these factors, the report concludes that Coinbase is not a buy until we see substantial and sustained improvements in its market share and/or profit margins. This brings to light the volatile nature of cryptocurrencies and offers valuable insights into considering potent investments. For more detailed financial findings and related articles, visit Oriental Trader.
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