Understanding Coinbase
The biggest threat to Coinbase are decentralized exchanges like Uniswap & 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://www.theblockcrypto.com/data/decentralized-finance/dex-non-custodial/uniswap-vs-coinbase-and-binance-trade-volume-7dma" rel="nofollow">https://www.theblockcrypto.com/data/decentralized-finance/de...</a>