By skyforbes Volumes are way down, but how you make money is by seeing what the market is willfully ignoring. The fee structure for COIN is predatory towards retail (transaction fee insensitive), but competitive towards institutions.
Note how institutional volume is 5x retail, but how they generate 10x the amount of fees from retail volumes
You can look at the volume chart like everyone else, but what really is going to move the needle for COIN is how much of the volume came from retail. Ask yourself how many of your friends give a fuck about crapto rn when BE and SNDK are putting in 50% weeks for a month straight. Last time i checked bitcoin was 100k, and it was 100k last quarter, and it was 100k in january.
Last quarter analysts expected 1.59 billion in revs, coin had 1.5 billion, and that was for the April May June period. Analysts are expecting 1.8 billion in rev this quarter. Fucking how.
Positions : 3 contracts of 290p and 8 260p expiring tm because i have a smol bb