Just caught the Coinbase earnings call with @brian_armstrong — pretty eye-opening stuff.
What really hit me: after the whole FTX mess, Coinbase went all-in on cleaning up the regulatory side while still shipping consumer products. Not just one or the other — both.
They're kind of sitting in this sweet spot now. Traditional finance is slowly creeping into crypto (or is it the other way around?), and Coinbase has the full stack: trading, custody, institutional services, plus Base for onchain stuff.
Feels like they're building the bridge while everyone else is still arguing about which side of the river to stand on. 🤔
What really hit me: after the whole FTX mess, Coinbase went all-in on cleaning up the regulatory side while still shipping consumer products. Not just one or the other — both.
They're kind of sitting in this sweet spot now. Traditional finance is slowly creeping into crypto (or is it the other way around?), and Coinbase has the full stack: trading, custody, institutional services, plus Base for onchain stuff.
Feels like they're building the bridge while everyone else is still arguing about which side of the river to stand on. 🤔