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by stephen_g
1319 days ago
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In theory they make money on fees... They posted a net loss of $544.6M on a 64% decline in transaction revenue in the quarter ended Sep 30 [1]. This next big drop probably doesn't bode very well for them... Coinbase may eventually run out of money and go out of business because their operating costs presumably exceed their revenue, but the customer funds won't evaporate if/when they do, unlike the shadier exchanges. 1. https://www.reuters.com/technology/coinbase-reports-third-qu... |
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