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Seeking Alpha 2022-04-27 22:09:29

Coinbase Global: The Business Model Isn't Sustainable

Coinbase is down nearly 50% since the IPO, and the company's core business model of charging very high fees to retail traders is not sustainable.Bitcoin and other crypto currencies will likely be more regulated moving forward, and Coinbase is in an industry with very few barriers to entry.Valuation is still not realistic since the growth rate is likely to fall significantly in the coming years.

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