This will change in some years though. Conversion will cost less gas with L2. Things are progressing quickly on those problems. Dexs and liquidity pools will have near zero fees.
Personally, I think unless coinbase pivots, their current business model is not sustainable in the long term. But right now, coinbase is capturing value in a way that the early majority of crypto's adoption curve can digest.
Personally, I think unless coinbase pivots, their current business model is not sustainable in the long term. But right now, coinbase is capturing value in a way that the early majority of crypto's adoption curve can digest.