Coinbase would have earned $2B just buying Bitcoin with its seed money
The largest cryptocurrency’s 200% CAGR presents a serious challenge to even the most successful crypto business strategies. The United States’ biggest crypto exchange would have made more money by simply buying and holding Bitcoin (BTC) in 2013. Data circulating on social media reveals that despite Coinbase’s $800-million profits in Q1, the company would still be richer had it used its seed funding cash to buy BTC.Coinbase profits lose out to 2013 hodlersAhead of its initial public offering on April 14, Coinbase reported bumper revenue this week. At $1.8 billion, Q1 outperformed the....
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Bitcoin company Coinbase has announced that Coinbase customers will have their fees waived when buying and selling Bitcoin with Euros until the end of this week. The announcement comes in light of the Greece crisis which has banks shut down and ATM withdrawals limited to 60 Euros per day in order to avert a banking collapse. In an official blog post, Coinbase stated: "We feel that all Europeans should educate themselves on the benefit of using a global currency that is not controlled by any particular country or company. As part of our effort to make it easy for anyone to buy and sell....