With approval in Singapore, Coinbase is making good on its promise to quickly expand overseas — but can it find enough traction?
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“While it makes sense for Coinbase to lean into international initiatives given the still-heightened regulatory risk in the U.S., we think it remains an open question whether the company will be able to execute what appears to be a very difficult pivot,”“There is a lot of competition in the markets it is targeting, and it would have to gain a great deal of traction to make up for the net revenue to which it could lose access in the U.S.
While the regulatory situation in the U.S. lags behind other regions, especially Europe, adoption of blockchain and cryptocurrency continues to trend in the right direction, argued
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