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Coinbase’s Q1 Stumble and Deribit Deal Leave Wall Street Divided—’Innovation or Desperation?’
Coinbase’s Q1 Stumble and Deribit Deal Leave Wall Street Divided—’Innovation or Desperation?’
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Another quarter, another ’strategic pivot’—Coinbase misses earnings while snapping up Deribit, because nothing says ’bullish’ like buying a derivatives platform during a crypto winter.
Wall Street’s verdict? A masterclass in mixed signals. Analysts can’t decide if this is genius long-game positioning or just throwing good money after bad.
The real tell? Watch where the VC lemmings jump next—because when the suits get nervous, the real crypto OGs start stacking sats.
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