News for hackers. Stuff that matters.

A comment on Coinbase to go public on 4/14. Parent comment

Re:Coinbase to go public on 4/14 by berberous on Friday April 02, 2021 @12:27PM (#26672905)
If crypto crashes or stabilized, Coinbase is still (for the time being) making monster spreads/fees on trades.

A basket of the top coins also includes garbage like ADA and XRP. Crypto is not the place to market weight IMO given the frequent disconnect between price and quality of projects.

[ Parent | on HN ]
Re:Coinbase to go public on 4/14 by endisneigh on Friday April 02, 2021 @04:34PM (#26675675)
why wouldn't Coinbase crash if crypto crashed? crypto cashing would mean decline in crypto in general, no?
[ Parent | on HN ]
Re:Coinbase to go public on 4/14 by jobigoud on Saturday April 03, 2021 @03:56AM (#26679124)
Crypto crashing means a lot of people selling, hence a lot of trades, hence lots of money for CB.
[ Parent | on HN ]
Re:Coinbase to go public on 4/14 by endisneigh on Saturday April 03, 2021 @11:56AM (#26682031)
Yes but it also means lowered future demand for crypto, which means less money for CB in the future, which means a lowered stock price.
[ Parent | on HN ]