Coinbase lost its shirt last quarter doing that. Even in the traditional finance worlds the exchanges have to be extremely consolidated and offer myriads of products to make it.
The crypto market imploded last quarter, that is to be expected. Brian Armstrong and Coinbase have been in this through multiple cycles and know how it goes. Coinbase still has 5.4 billion in cash to make it through the tough times and make lots of money on the next crypto manic cycle. Based on previous cycles, the bottom is already in for crypto. Think of crypto bull runs like the holiday season for retail businesses. It’s where they make their money.
> Based on previous cycles, the bottom is already in for crypto.
Why would you base any crypto predictions on previous cycles? Has the crypto market ever experienced a cycle with high inflation and rising interest rates?
