Yahoo Finance’s David Hollerith joins the Yahoo Finance Live panel to discuss Coinbase calling for new regulation in the crypto sector.
Shares of cryptocurrency exchange Coinbase Global (NASDAQ: COIN) hit an all-time high at more than $400 per share the first day the company was public. As my Motley Fool colleague Rick Munarriz so eloquently said, "Coinbase is a bet on crypto trading -- and not necessarily its ascent." In other words, Coinbase generates most of its highly profitable revenue from trading volume.
(Bloomberg) -- In the blink-and-you’ll-miss-it world of decentralized finance, the cryptocurrency exchange dYdX stands out for more than just its unusual name, which is derived from the mathematical notation for a derivative. Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverThe Biggest Public Graveyard in the U.S.