“Trading volumes went up a lot over the past few days, and part of that was driven by these [altcoin] trades that people didn't have the guts to touch over the past 12 months or so—because people are worried that SEC may go after them,” Lau said. “What you see when we have this kind of pro-crypto environment… [is that] people are more willing to bet on all kinds of [tokens].”
But while an increase in U.S. retail traders’ appetite for volatile cryptocurrencies is, on the face of things, a boon for Coinbase’s bottom line, those gains won't be realized without challenges.