Coinbase Has ‘Institutional Confidence’ in Cryptocurrencies, But Three Public Rivals Are About to Test That Claim
Coinbase Global Inc. (NASDAQ:COIN) posted another profit improvement last week, riding a wave of cryptocurrency enthusiasm that has driven the market to $3.7 trillion. But as rival exchanges prepare for their own public debuts and the regulatory fog clears across the industry, analysts say the company’s dominance faces its most serious challenge yet. The crypto…