Understanding Coinbase
The biggest threat to Coinbase are decentralized exchanges like Uniswap &amp; Sushiswap. During the peak of DeFi summer, Uniswap handled more trading volume than Coinbase. [0]<p>Uniswap airdropped its token $UNI to all users on Sept 17, 2020. Uniswap is already at a $17 billion market cap. Coinbase is expected to IPO at ~$100 billion.<p>[0] <a href="https:&#x2F;&#x2F;www.theblockcrypto.com&#x2F;data&#x2F;decentralized-finance&#x2F;dex-non-custodial&#x2F;uniswap-vs-coinbase-and-binance-trade-volume-7dma" rel="nofollow">https:&#x2F;&#x2F;www.theblockcrypto.com&#x2F;data&#x2F;decentralized-finance&#x2F;de...</a>