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Why Does Crypto Giant Coinbase Keep Shooting Itself in the Foot?

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Coinbase is the most popular U.S.-based cryptocurrency exchange. The company boasts more accounts than the likes of Charles Schwab. Coinbase CEO Brian Armstrong has the ambitious goal for Coinbase to become the “Google of crypto,” suggesting that its relevance to Web 3.0 could rival that of the internet search giant’s stamp on the early version of the internet. Armstrong himself was named among Fortune’s 40 under 40 list and has influenced Americans for bitcoin. Unfortunately, rather than being celebrated, Coinbase increasingly resembles a victim of its own success. Despite having more to lose than many of its peers, Coinbase at

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