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Should you buy Coinbase? The valuation is ridiculous, based on this math

·11 min read
Should you buy Coinbase? The valuation is ridiculous, based on this math
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The crypto markets are very young, and we expect many more companies to compete for the profits Coinbase (COIN) enjoys today. As the cryptocurrency market matures, we expect Coinbase’s transaction margins to drop precipitously. The race-to-zero phenomenon that took place in late 2019 with stock trading fees will likely make its way to the crypto trading space.