Bitcoin has dropped 8% from its December peak, affecting the transaction volume that boosted Coinbase’s Q3 revenue by 37%. Shares of Coinbase are down 11% in the last month, with skepticism rising among traders about the company’s future in a cooling crypto market.

Reddit discussions show growing concern about Coinbase’s valuation and sustainability. Users question its dependency on crypto prices and trading volume, leading to doubts about the company’s future amid Bitcoin’s recent decline and competition from other platforms like Robinhood and Kraken.

Coinbase shares have fallen 12% from their November high, reflecting a broader decline in crypto-related equities. While Coinbase faces challenges, Robinhood’s diversified revenue streams beyond crypto have helped it maintain stability in the market. Investors are weighing the risks amid doubts about Coinbase’s ability to navigate a prolonged Bitcoin downturn.

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Read more at Yahoo Finance: Coinbase Down 12% From November Peak as Crypto Exchange Faces Growing Skepticism Over Revenue Sustainability