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This Is the Last Thing Coinbase Needed

·4 min read
This Is the Last Thing Coinbase Needed
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It hasn't been an easy year for Coinbase Global (NASDAQ: COIN). The innovative company has a "first mover" advantage in the nascent cryptocurrency industry and serves as a "stand-in" with institutional investors, which worked in its favor while the price of Bitcoin (CRYPTO: BTC) and other cryptocurrencies surged in late 2020 and through 2021. Binance.US announced it will eliminate trading fees on Bitcoin, in a move reminiscent of traditional brokerages eliminating commissions on buying and selling stocks over the last few years.