Q: Given a preference to own one of these versus both, would you favor COIN or GLXY, and why?
Is there a case to be made for owning both …. Or neither?
Thank you
Is there a case to be made for owning both …. Or neither?
Thank you
5i Research Answer:
We would give GLXY the slight edge today. While COIN has a strong foothold in the US institutional space through its holdings of most US bitcoin and other crypto ETFs, it is concentrated in its crypto trading exposure, while GLXY now has expsoure to institutional and retail crypto trading, its own trading desk, digital asset holdings, the equivalent of investment banking for crypto, asset management, and AI data centers. There is also a case to be made for owning both.