With their new funding of 31 million, will Coinbase become the United States Major exchange? Will this start a frenzy among Americans to join the bitcoin craze? How will it effect the speculated value of bitcoin? Will other exchanges emerge and compete? Will more day traders emerge and push up the trading volume? Can this benefit the legitimization of bitcoin? All these questions are swimming through my mind
It may remain as one of the largest exchanges in the future
That said it will also have to take the brunt of all the problems to establish itself
While newer entrants will need to acquire market share from the leader without those costs