Hard to classify them as "vulnerable" given how successful they've been independently and they're privately held. I'd be "vulnerable" to the right eye-popping offer too, so don't bet on anything right now.
Coinbase’s volumes have consistently fallen every month since December. January was less than December, February less than January, March less than February, et cetera. That, and their valuation, puts them at risk of having to (a) lay off lots of people or (b) do a down round.
[1] https://www.google.com/amp/s/www.wsj.com/amp/articles/can-th...