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Yuvi.
$COIN
行业安全焦虑，会给Coinbase带来份额机会还是共同压力？
用户可能重新比较托管和合规能力，也可能整体减少加密交易。相对信任优势不代表行业收入一定增长。
若净入金改善，同时订阅与托管保持，韧性更强；若成交和客户资产一起收缩，相对优势仍可能被周期压力抵消，不能只按竞争对手出事推导利好。
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