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Seeking Alpha 2022-03-25 14:30:00

Coinbase: No Coin To Be Made Here

Though the company set records across many of its chosen key performance metrics in 2021, sustained success looks unlikely.Coinbase’s stock could fall further based on guidance for 2022 implies a significant cut in profitability and very little clarity on user growth.The current valuation of the stock implies Coinbase will be larger than Charles Schwab - anything less, and the stock could have 35%+ downside.

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