Reported 1 day ago
Coinbase is shifting from a dedicated crypto exchange to a broader financial services platform, facing mounting competition from both traditional finance and new crypto entities. The company is diversifying its offerings, including custody and derivatives, yet remains vulnerable to Bitcoin price fluctuations, which impact its trading fees. Despite significant revenues from managing Bitcoin ETFs and partnerships with banks, concerns loom over its ability to maintain dominance as regulatory changes could attract traditional custodians into the market.
Source: YAHOO