Coinbase Losing its Hegemony?

Coinbase exchange platform has fallen to position 14 by trading volume

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Coinbase shares have plummeted by more than 80%

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The business also suffered a $430 million loss in the first quarter

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Coinbase stated in June that it will lay off 18% of its workforce

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Coinbase's main source of income was its exorbitant processing fees which are now taken over by the zero-fee concept of the competitors

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