According to him, if the U.S. Federal Reserve continues to raise interest rates, half of Coinbase’s revenue could be made up of the exchange’s subscription services, which are tied to a partnership with stablecoin issuer Circle. In addition, the “many positives” that have yet to be priced into the exchange’s stock include Coinbase’s market share gains, its strong balance sheet and its short squeeze potential, he said.
Source: https://www.coindesk.com/business/2023/01/11/coinbase-could-be-one-of-cryptos-long-term-survivors-oppenheimer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines