I think they going to become bloated and shit too, but that allows for other exchanges to eat their lunch! I see the IPO has trying to capitalize on funds that want BTC exposure but can’t yet hold the asset so they think they can become a sort of stop gap ETF for Bitcoin the way mStr and sq have
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I can for sure see that being the case. Competition is good though and Coinbase honestly is too big and has had it's fare share of "odd" issues in the past when markets rallied. Kind of reminds me of Robinhood when they shut down stocks because volatility is too high. Or when they didn't credit people for their hard fork tokens ah yes the history of Coinbase!