Robinhood Steals Coinbase's Crypto Thunder: Analyst Points to Fee Fumbles
Robinhood Steals Coinbase's Crypto Thunder: Analyst Points to Fee Fumbles
Dolev's analysis suggests that COIN's share of combined COIN retail + HOOD crypto volumes trended lower in April vs. the approximate 65% ratio in the prior three quarters.Mizuho analyst Dan Dolev reiterated a Sell rating on Coinbase Global, Inc (NASDAQ:COIN) with a price target of $27.00.
瑞穗 分析师丹·多列夫重申了卖出评级 Coinbase Global 纳斯达克股票代码：COIN）的目标价为27.00美元。
The analyst believes COIN is losing its share in retail crypto trading to Robinhood Markets, Inc (NASDAQ:HOOD).
这位分析师认为，COIN正在失去其在零售加密交易中的份额 罗宾汉市场有限公司 （纳斯达克：胡德）。
In his view, a potential culprit is that customers are starting to push back on COIN's higher fees on small-ticket crypto trades, a practice in which HOOD has not participated.
在他看来，潜在的罪魁祸首是客户开始推迟COIN对小额加密交易收取的更高费用，而HOOD并未参与这种做法。
Dolev's analysis suggests that COIN's share of combined COIN retail + HOOD crypto volumes trended lower in April vs. the approximate 65% ratio in the prior three quarters.
多列夫的分析表明，4月份COIN在COIN零售+ HOOD加密货币总交易量中的份额呈下降趋势，而前三个季度的比率约为65％。
Also Read: What's Going On With Coinbase Shares Today
另请阅读：今天的Coinbase股票怎么了
There is no perfect explanation for potential share losses besides worries about regulatory pressures, given SEC actions against crypto or the increase in small-ticket retail trading fees at COIN.
鉴于美国证券交易委员会针对加密货币的行动或COIN小额零售交易费的增加，除了对监管压力的担忧之外，对于潜在的股票损失没有完美的解释。
For perspective, COIN has been raising fees for small-ticket retail traders to offset volume declines.
从角度来看，COIN一直在提高小额零售交易者的费用，以抵消交易量的下降。
On the other hand, retail trading peer HOOD did not increase spreads, which likely attracted some customers to its platform.
另一方面，零售交易同行HOOD没有增加点差，这可能会吸引一些客户使用其平台。
Price Action: COIN shares traded lower by 0.78% at $53.49 on the last check Thursday.
价格走势： 在周四的最后一张支票中，COIN股价下跌0.78％，至53.49美元。
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