Robinhood (HOOD) and Coinbase (COIN) released disappointing earnings, much to the dismay of shareholders (judging by the post-release price action). As the cryptocurrency marketplace has expanded, growing competition among exchanges has brought accelerated consolidation, and a considerable shrinking of the landscape. The result has been a boon to the largest players with the resources to grow their businesses faster than their smaller counterparts.
Binance, Coinbase, FTX: Data unveil who’s winning the crypto trading game
