Coinbase’s revenue dwarfs those of the decentralized exchange Uniswap but the two companies are generating roughly the same trading volume; ether plunges.
The U.S. central bank is expected to raise interest rates by 75 basis points, which many economists say is too dovish. But traders are thinking about possible rate cuts as soon as next year.
Like many publicly traded tech firms, Coinbase and Robinhood have offered employees generously amounts of restricted stock units as part of their compensation.