.

So let me get this straight: The crypto community, which has championed crypto as system free from “trust” and “regulation”, now wants to see mass government purchases of Bitcoin…?! https://t.co/PFaCK8q3Fx

Wait, what…?! $COIN (Ht: @molly0xFFF) https://t.co/vOBOzyfxAd

@kakashiii111 Craftily hidden in plain sight $COIN

(2) And almost 90% of that ($58M after-tax) was net interest income. $COIN

$COIN Reality Check: Excluding the one-time valuation reversal($52M) and fully-taxed(21%), Coinbase earned $64M in the 4Q…or about 25 cents per share. With crypto prices up 50-70% in the quarter. If not now, when…?! https://t.co/pHl0Jrjd89

@RevShark @WSJ Now do the ETF’s impact on $COIN egregious retail commission rates, 5% per round-trip in the 3Q.

@BradMichelson So if the ETF sponsors are charging 20-30 bps per year, how much do you think they will pay $COIN for custody?

@EricBalchunas @gaborgurbacs Yes. In the 3Q Retail Transaction Revenue was $275M on $11B of related Transaction Volume. $COIN

@compound248 So $COIN will make a lot of money this quarter, right…?

@RasterlyRock So at 80% gross margins and current overhead levels, $COIN would make $5 to $6 per share, if revenues doubled (to $5.4B).