Re:Coinbase to go public on 4/14
by dillondoyle on Friday April 02, 2021 @02:25PM
(#26674257)
Because they have huge revenue and even profit in 2020.
1.14 billion revenue 2020, $322 million net income.
A thesis of the risk of their profit being tied to crypto prices is that big retail trading volume relies on rising prices or at least rising sentiment/popularity.
On the other hand, can argue probably not super important (unless they have huge settlement risk). Falling price = sell orders (and someone buying on the other side of transaction). Unless everything goes to zero, which seems like a low probability barring extreme world-wide government regs.
1.14 billion revenue 2020, $322 million net income.
A thesis of the risk of their profit being tied to crypto prices is that big retail trading volume relies on rising prices or at least rising sentiment/popularity.
On the other hand, can argue probably not super important (unless they have huge settlement risk). Falling price = sell orders (and someone buying on the other side of transaction). Unless everything goes to zero, which seems like a low probability barring extreme world-wide government regs.
https://www.cnbc.com/2021/02/25/coinbase-files-for-direct-li...