Banxa Holdings Inc V.BNXA

Cheerleading vs facts ( facts better )

[rankininlet]

I hold no BNXA as sentiment is down and clarity not yet there.  I hold Coinbase.  Thanks to BCdude for non-cheerleader posts.  I looking for reason to add BNXA.  Not seeing it.  Maybe later with more facts.  I tried to compare BNXA gross margin to COIN gross margin.  I not happy with the math as hard to get apples to apples comps.  I used TTV to compare and got a result I not expect.  Here goes ... COIN 6 mo ttv is 797B which is 1600B annual.  With market cap of 58B you get ttv of 27B for each B in market cap or 27 to 1 ratio annual ttv/mrkt cap.  For BNXA 6 mo ttv is 495M which is 1000M annual.  With market cap of 135m you get ttv of 7.41M for each M in market cap or ratio of 7.41 to 1 annual ttv/mrkt cap.  Conclusion is COIN is cheaper than BNXA using only this metric because ttv for each dollar of market cap is $27 vs BNXA which is $7.41.  GLTA.  Note, I expected the results to be the other way around ... I hold COIN because Cathie Wood buying and because its in the news pretty much daily.  I continue to follow BNXA waiting for reason to buy.

[FederalReserve]

I think with a day like today where cryptos are shooting alot higher & building momentum, Banxa should of released July's volume numbers espicially if they are back over $100m and even more reason so if it hit monthly record! They could of even gloated if a daily record was reached then on the 18th release earnings and comments. I am now convinced that the volume numbers stink and they are

[FederalReserve]

I don't think I'm going to.atick around the 18th maybe I will.be back on the 19th