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by carlineng
1942 days ago
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Some sources say Coinbase has already been trading at >$100B on private markets [1]. I find it interesting that about 2/3 of their trading volume (and thus revenue) is from institutions. Also that 44% of their trading volume is from "Other Crypto Assets", which implies that there must be a rather large bit of institutional activity in "Other Crypto Assets", and it's not just the stereotypical retail crypto investor trading in alt-coins. [1]: https://www.axios.com/coinbase-valued-100-billion-direct-lis... |
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