Coinbase’s Grip on Crypto Faces Test in a Market That Won’t Slow Down | Crypto Craft

  • Coinbase’s Grip on Crypto Faces Test in a Market That Won’t Slow Down

    From finance.yahoo.com

    Coinbase is the closest thing crypto has to a blue-chip name: a booming exchange that joined the S&P 500 this year and at one point surged 69% to a $106 billion market value. That streak just hit a wall. The stock plunged 17% last week after disappointing results, in its second-worst post-earnings drop. Analysts question whether Coinbase can keep using its pricing power to defend margins, without ceding ground to lower-cost rivals. The firm has long defied warnings that competition would force it to slash fees — even raising them on a set of stablecoin trades in March. But competitors like Kraken and Robinhood are ... (full story)

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