35 days ago • Posted by William Ramstein
Can Coinbase sustain earnings beyond its ATM Q1 sales?
Coinbase is set to IPO this Wednesday in one of the most anticipated market debuts of 2021. The firm is worth $91.5B. The firm is valued at nearly 90X its trailing 12 month earnings--some worry about the next step and whether or not Q1 2021 was just a blip, or something to get accustomed to. Coinbase makes money on transaction fees which could come under pressure from other competitors offering cheaper options.