Coinbase and Gemini’s expansion beyond crypto fuels split investor expectations
Coinbase and Gemini’s push beyond mainstream crypto trading is dividing investors about what the companies’ futures look like. By branching into services such as stock trading, payment systems, and prediction markets, the exchanges are seeking to create steadier, more diversified streams of revenue.
This has led to differing views among investors and Wall Street analysts alike about how well these companies will perform in the years to come.
Coinbase is one of the world’s largest crypto companies. Its name is, for some, synonymous with where users buy and sell Bitcoin as well as other digital coins. However, according to analysts at William Blair, this perspective is overly narrow.
William Blair, in a note…
