Coinbase may or may not be a good company. I have no idea.

What I do know is that they have a lot of things working against them: - Money is not cheap anymoore - Their market is collapsing.

I don't see how a company makes it through. Even if they navigate the present environment and manage to finance the company through the new few years, they may do so in to an ultimately collapsing market.

There is no reason to assume that crypto trading will exist in any meaningful way in the next few years. (It may, sure. You may believe, yes. Are there any clear indicators that it will stabilize and grow? No there are not.)