The stats on this are irrelevant. It's a play on crypto. Year-on-year growth is very weak, and although it holds lots of cash, it has a high level of costs. It is laying off a lot of staff, and there is intense competition for the dwindling amount of crypto trading that ordinary people want to do. I'm bearish, but this trades like a meme stock.

Silicon Valley Bank has gone into receivership. This creates added stress for crypto exchanges. This could be the time that $COIN finally falls to earth.