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Bitcoin Dominance Is Waning. That Could Be a Problem for Coinbase.

·4 min read
Bitcoin Dominance Is Waning. That Could Be a Problem for Coinbase.
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(COIN) Global, the leading U.S. cryptocurrency exchange, is highly dependent on Bitcoin. If other coins that aren’t supported by Coinbase (ticker: COIN) start to dominate the industry, the company may lose market share to other exchanges that list those coins. The shift in the crypto market away from Bitcoin dominance was one topic on Coinbase’s earnings call late on Thursday after the company released its first-quarter earnings.