To what extent is the value of Coinbase tied to the value of Bitcoin?

Not much as their revenues are made of commission (in the form of buy/sell spread on the actual market price) on the transactions made on their exchange.

In this respect, Coinbase is basically like a traditional Bank operating in the FX market: regardless of a certain market movement in price, the Bank will always buy at a little below the market price and sell at a little above market price, thus always making a profit.

For this reason, Coinbase value is more tied to the average number of daily transactions effected on its exchange rather than to the value of Bitcoin.

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Can a Brexit supporter give me one definite advantage of leaving the largest trading bloc in the world?

I am not a Brexit supporter but I spoke with a few of them (all living and working in London, most of them working in law firms and investment banks: the situation elsewhere may well be completely different).

They gave me this explanation: Continue reading “Can a Brexit supporter give me one definite advantage of leaving the largest trading bloc in the world?”

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