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Coinbase Risks Crypto ‘Cannibalization’ With Prediction Market Push: Mizuho – Decrypt
In brief Mizuho analysts raised “cannibalization concerns” in a recent note. Coinbase users are likely to sell crypto to fund bets, they warned. The analysts lowered their price target for COIN ahead of Coinbase’s big Wednesday event. The money has to come from somewhere. And when it comes to prediction markets, that could be an...
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