Coinbase Tries Something New (But Isn’t It a Bit Too Late?)

Can’t blame Coinbase  (COIN) for trying. 

The most popular of the crypto exchanges in the United States is scrambling to try to find sources of growth as trading by retail investors has slowed markedly. 

It is these same investors, led by young people who have suddenly become rich thanks to their investments in crypto, which had fueled the crypto mania in 2021. 

But since the records reached in November, the euphoria seems to have died down. It is the hard return to reality. Bitcoin, which hit $69,000 on Nov. 10, has since lost more than $28,000 at last check, according to CoinGecko