Continued tightening of monetary policy tends to slow economic growth leading to recession, I believe that recessionary fears will drive retail investors out of alternative investments like crypto, and crypto staking.
Potential Trade: $COIN
Coinbase is a cryptocurrency company that provides customers the ability to buy, sell, transfer and store digital assets. It generates revenue through transaction fees when buying and selling crypto, as well as through payed subscription services.
Recent 10-Q filing indicated a 50% decrease in transaction revenue , 28% decrease in subscription revenue QoQ and loss of 429 million.
