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Coinbase ($COIN) Losing Market Share Amid Bitcoin ETF Filings, Bad News For Crypto?

source-logo  coingape.com 05 August 2023 13:50, UTC

An unclear prognosis for the cryptocurrency business in the run-up to the 2024 elections is hurting Coinbase (COIN), as the cryptocurrency exchange sees its market share drop. The lack of moat in crypto trading creates opportunities for up-and-coming rivals, possibly undermining Coinbase’s dominance, an analyst wrote. COIN shares are down to $87.31, which is around 8% down from last week.

coingape.com