According to current figuring out the amount of money something is worth, Coinbase valued itself at about $8 billion when it set out to buy Earn.Com. This value is much higher than the figuring out the amount of money something is worth of $1.6 billion which was guessed number at the last round of money to small business financing in the summer of 2017.
Coinbase refuses to comment on its figuring out the number of coinbase fees something is worth even though it has more than $225 million in money from top VC’s including Union Square Ventures, Andreessen Horowitz and also from the New York Stock Exchange.
Competition is Coming :
As competing organizations look to take a bite out of the Coinbase’s business, Coinbase is looking to other money to small business opportunities in an attempt to build a moat around the company.
Dan Dolev, a Nomura instant analyst, said that Square could eat into Coinbase’s exchange business because it started trading cryptocurrency on its Square Cash app in January.
The net worth of Coinbase fees :
According to the guesses of a number by Dolev, Coinbase fees were roughly 1.8 per cent in 2017. Fees this high could drive the users to other cheaper exchanges. To meet the needs of institutional people or businesses who give coinbase fees to resume the businesses, the New York Stock Exchange is planning to start its cryptocurrency exchange. Nasdaq, a rival of NYSE is also thinking about an almost the same move.