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Coinbase Could See Revenue Hit if SEC Forces Asset Delistings, Analysts Say

Coinbase's revenue could take a hit if the U.S. Securities and Exchange Commission forces the company to delist assets the regulator considers securities, analysts said.

The exchange's business model revolves around offering a "multitude of tradable pairs," the Needham analysts said. If the exchange is forced to delist assets, it could lead to "materially lower revenue," they added, pointing out that about 40% of the company's trading volume comes from bitcoin, while ether accounts for 15%. 

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