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10 sats \ 4 replies \ @grayruby 14 Aug 2024 \ parent \ on: Coinbase Wrapped Bitcoin Has Potential to Dominate Market, Say Experts bitcoin
They took years to integrate lightning and have a VC arm of the company that doesn’t invest in the bitcoin ecosystem at all. They have investments in two companies that were previously Bitcoin only. Coinbase gets involved and suddenly those companies are supporting ETH as well. Bitcoin is larger than all the other cryptos combined and Coinbase does no promotion for it and no investment in the ecosystem. Don’t you find that odd?
I never looked at it in this way.
Didnt they take a risk in the beginning to make an exchange, though?
Their risk is finally paying off.
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I dont know about you but they actually hit me with BTC promotions all the time. The most recent one is earning up to $100 in BTC with referrals.
They also had an Earn at least for me a few months ago that was for a couple of $ in BTC!
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Probably because you are a BTC holder. Almost all their external promotion now is base, ETH or usdc even though Bitcoin is the largest revenue generator for them. Kind of odd. Unless you are intentionally trying to direct users away from Bitcoin and to other assets.
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IDK I can say though I took that BTC and during a run up to $68k swapped it for USDC but who knows cause you are right they generate a ton of money with being the custodian of BTC for major companies and the US government
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