Most of yesterday’s coverage fixated on the miss.
Great write up. I think their moat related to stables is dwindling as other institutions step into the arena. Coinbase needs to figure out what their competitive advantage really is with HOOD taking a big chunk of opportunity.
I agree. One of the biggest threats they face is Hood seeing big adoption of its new EVM chain
Totally - HOOD now competes with BASE
Great write up. I think their moat related to stables is dwindling as other institutions step into the arena. Coinbase needs to figure out what their competitive advantage really is with HOOD taking a big chunk of opportunity.
I agree. One of the biggest threats they face is Hood seeing big adoption of its new EVM chain
Totally - HOOD now competes with BASE