Coinbase Global Inc (COIN)

[Minddoc7]

Article: Coinbase benefitting from hostile regulatory environment: Bitwise by RT Watson, May 6,2024

" In the wake of the Securities and Exchange Commission issuing Robinhood Crypto a Wells Notice, Bitwise CIO Matt Hougan took to X to argue that a "hostile regulatory environment" is benefitting Coinbase, the top cryptocurrency exchange in the U.S.'The hostile regulatory environment is creating an artificial 'moat' for Coinbase's business, helping sustain extremely high margins and allowing them to over-earn in the short-term,' Hougan said in a post."

"Hougan also argued that Coinbase's ability earn solid returns in turn helping them to raise money and further their business interests.'What's impressive is that they are using this opportunity to both raise cash (now $7.1 billion) and massively diversified their business (see the growth in USDC, Base, int'l futures)' he said."


https://www.theblock.co/post/292657/coinbase-benefitting-from-hostile-regulatory-environment-bitwise