Coinbase Retail Dominance Under Threat from Increasing Competition

Coinbase is facing increased competition in the retail market, according to analysts at Mizuho. The firm's competitive pressure could potentially impact its business model and profitability.

The analysts note that Coinbase's dominance in the US retail market is significant, with a market share of around 60%. However, this dominance may be threatened by new entrants and increasing competition from established players.