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RE: The "Coinbase Effect"
I would completely agree with you on token rumors. Anytime there is a hint of a token getting added to Coinbase, there is a noticeable jump in price. The competition is out there, but yes, it does seem CB has the lion's share in US crypto. However, I think this might be changing, and we could consider the crypto - internet analagy here. It seems apt to say that CB functions as an "AOL" or maybe "Netscape." They may be the pioneers, but its hard to stay on top.