RE: Coinbase IPO Fundamentals

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Very nice data and metrics.

I personally like the sector but I do not like Coinbase's position in it. I feel it is a normie kind of platform that could be taken over by more innovative ones (Binance even if it has flaws).

The only reason I would like Coinbase is because it is very strong in the US and with BIG CORPORATES (Tesla, Microstrategy). It would benefit from an institutional craze as it seems to be more compliant with governments than competitors.

The valuation is outrageous butit has good growth prospects though.

As you can tell, I am confused but I would prefer to invest int Bitcoin or other cryptos :D

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hive-167922 leofinance
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I know I didn't include the valuation, which in hind site I should have to build a more complete picture. From motley fool it mentions a $90B valuation. With 43M users that puts it at apx $2,000 USD per user, that seems insane. Buuuut... Compare that to Facebook with a valuation of $800B and 19M users, which is $42,000 per user maybe that's not so outrageous. Just playing devils advocate here.

Have to agree with you I like that it's big in North America, and has been an on ramp for institutions, and will continue to be into the foreseeable future.

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I think you got it wrong for Facebook. Facebook has hundred of millions of users and you need to add WhatsApp + Instagram + a dozen other companies has it is all part of the Facebook group !

Nevertheless listing Coinbase will be great for the entire crypto space.

Take care mate 😉

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yeah that didn't seem right .. Facebook has nearly 2.6B users, WhatsApp 1.5B, and Instagram 1B for a total of apx 5.1B users. That's $156 per user. That changes things a little!

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