Collapsing is a strong word, but their very tightly tied to whatever the crypto market is doing..which is not good at the moment.

eh. BTC is up 40% year to date. FTX may have been the bottom of this cycle.

YTD is like 25 days… what’s the TTM?

parent comment said "not good at the moment" so just responding to "at the moment" its actually not as bad as the haters would imagine (e.g. its well above the 2020-era ceiling of $16k despite much tighter monetary policy and crypto institutions failing all over the place)

I meant like crypto as a whole. The 2020 shininess has worn off. NFTs are all dead. Web3 is being forgotten. The main news stories are about fraud and hacks.

the price of BTC != the crypto market

Are they? They’re tied to people putting money in and out of their platform, not to how much Bitcoin is worth.

Yes, trading volume has fallen off a cliff in the last couple quarters.

What would dang know about it?

No, he's saying dang _is_ the collapse of Coinbase. Clearly he has insider information.

I think GP accidentally some punctuation. It probably ought to be read as "Dang! Is Coinbase collapsing?"

In another place where "dang" couldn't be mistaken for a person, "Dang, is Coinbase collapsing?" would also be acceptable.

Remember folks: Punctuation is the difference between "Let's eat, Grandma" and "Let's eat Grandma".

(And capitalization is the difference between "I helped my Uncle Jack off a horse" and something else entirely...)

bitcoin is up 25% in a month : https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD

I've been hit up by cryptobro's on LinkedIn more in that last month than at anytime previous. Clearly the ponzi scheme needs more victims to keep the pyramid intact...

LOL… typical HN tying a market being in a downturn to a company for trading securities “collapsing.”

Probably the same type that associates tech debt with “company is on the decline” despite strong revenue.

From a quick glance at their financials, they lost about a billion dollars in the past year but still have $7 billion in working capital. I think they'll be fine.