Coinbase is exploring the addition of new currencies
Let's call a spade a spade.<p>This market is a bust, and there's no value-driven economic model to justify cryptos collectively being worth $50B-$100B.<p>With any startup, there is an expected future value of the company discounted back to the present.  It then just becomes a risk-weighted probability question of whether that startup will achieve that expected future value in the expected timeframe.<p>Conversely, the valuations of the crypto market are driven mostly by momentum and prayers.  It's ultimately a case study of what happens when you mix unsophisticated investors, no regulation, frictionless market entry, memes as an investment philosophy ("HODL") and the psychological highs of winning a lot of money.  It's gambling, not investing.<p>In terms of Coinbase - sure, they're selling pickaxes during a gold rush, but gold rushes end and the pickaxe salesmen go out of business too.