Carping the Market

Coinbase went public today with a valuation of nearly $100B. However, all you can do with Coinbase is buy crypto for a fee. Eventually, that fee will come down as all fees eventually become commoditized. Once that happens, it becomes harder to justify a $100B valuation. It’s really a matter of time before the big players carp the market and squeeze margins. Tune in to this week’s podcast as Tom and Dylan discuss Coinbase, Binance, tokenized trading and where they see all of this headed.