Jim Chanos said he's shorting crypto exchange Coinbase because of his concerns about increased competition and profitability. mikeybellusci reports
he’s shorting cryptocurrency exchange Coinbase , calling it a “bubble stock.”
Chanos expects fee compression as competition increases across crypto exchanges, and doesn’t think Coinbase can be profitable this year. “We basically think Coinbase is over earning,” Chanos said in the interview. “If you do the numbers, their revenue base is roughly 3% to 4% of their custodian assets, their customer assets.”Wall Street has remained positive on the
for Coinbase, despite expectations for some near-term headwinds. Analysts expect Coinbase to diversify its revenue from different segments, including NFTs.Read more:The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Watch Jim Cramer's full interview with Williams-Sonoma CEO Laura AlberThe 'Mad Money' host interviewed Williams-Sonoma CEO Laura Alber on Thursday's edition of the show.
Baca lebih lajut »
I don't think Ukraine is going to have as much economic fallout as we thought, says Jim PaulsenMichael O’Hanlon, Brookings Institution, and Jim Paulsen, Leuthold Group, joins 'Closing Bell' to discuss the market's reaction to recent macroeconomic news, if the world order is shifting and what it means for investors and more.
Baca lebih lajut »
Watch Jim Cramer explain veteran chartist Larry Williams' analysis of three stocks that investors should watch forJim Cramer used legendary market historian Larry Williams' methodology to analyze the stocks of Alphabet, Amazon and Coca-Cola in Friday's edition of 'Mad Money.'
Baca lebih lajut »
‘Linoleum’ Stars Jim Gaffigan, Rhea Seehorn And Director Colin West On Making A Dramedy With A “Sci-fi Sprinkle” — SXSWThings start falling out of the sky in the SXSW comedic drama Linoleum. Really big things. First, it’s a falling car that nearly flattens Cameron Edwin (Jim Gaffigan), the host of a children’s scie…
Baca lebih lajut »
Why this red-hot hedge-fund manager says oil can reach $200 per barrelPierre Andurand, a commodities trader, is saying oil can reach $200. Here's why.
Baca lebih lajut »