Re:Coinbase stock lost over 75% value
by ike0790 on Monday May 09, 2022 @10:38PM
(#31322770)
If bitcoin/crypto is chopping sideways GUARANTEED Coinbase will be chopping sideways as well
[ Parent
| on HN ]
How? Does Coinbase not make most of their money on the spread?
The implication is that when crypto goes sideways, trading volumes drop, and thus, even though spread might be same or even better, the volume drop will have lost them money.