Coinbase has departed from its conservative roots and begun adding many more coins. Dan Romero, vice president of Coinbase, explains how its listing process works, how it tries to prevent insider trading, and why it's listed coins that had ICOs, even though the SEC has indicated all coins that were offered in ICOs at least started off as securities. He also talks about Coinbase's international expansion, how regulations around crypto differ in Japan vs. the U.S., and the importance of banking relationships for crypto companies. Plus, we dive into how Coinbase plans to weather competition on multiple fronts -- from Robinhood, Square and Binance on its consumer side, and from Fidelity and Bakkt on the institutional side -- how its decentralized projects could affect its current revenues and how it is staffing now for any future hype cycles that could increase crypto adoption by an order of magnitude.
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Episode links:
Coinbase: https://www.coinbase.com/
Dan: https://twitter.com/dwr
Coinbase Listing: https://listing.coinbase.com
Digital Asset Framework: https://listing.coinbase.com
Coinbase's new listing process: https://blog.coinbase.com/new-asset-listing-process-a83ef296a0f3
Announcement that they were exploring adding Cardano, Basica Attention Token, Stellar Lumens, Zcash and 0x: https://blog.coinbase.com/coinbase-is-exploring-cardano-basic-attention-token-stellar-zcash-and-0x-9e44f0eb823f
News announced after we recorded: Coinbase considering offering 31 new assets: https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f465
Interview with Will Warren of decentralized exchange 0x: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future
Coinbase investigates insider trading of Bitcoin Cash: http://fortune.com/2017/12/20/coinbase-bitcoin-insider-trading/
Coinbase finds no insider trading of Bitcoin Cash: http://fortune.com/2018/07/24/coinbase-insider-trading/
Unchained episode on Coinbase/IRS case: http://unchainedpodcast.co/is-the-irs-justified-in-demanding-information-on-millions-of-bitcoin-users
Link to Alistair Milne's tracking of total Coinbase customer base: https://docs.google.com/spreadsheets/d/1NgvD2kFT69mSXuJPzPDu-Qv9SS1ck2iPt6Kw9a55z0k/edit#gid=0
Coinbase adding USDC: https://blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237
Unchained episode with Circle: http://unchainedpodcast.co/circles-jeremy-allaire-and-sean-neville-on-why-crypto-will-be-bigger-than-the-web-ep71
Unchained episode with Rune Christensen of MakerDAO: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable
Unconfirmed episode with Rune: http://unconfirmed.libsyn.com/rune-christensen-of-makerdao-on-its-15-million-from-andreessen-horowitz-ep039
The Chopping Block: Is Coinbase’s Base ‘the Binance Smart Chain for White People’? - Ep. 463
Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - Ep. 462
Have Crypto Detectives Killed the Cypherpunk Dream? - Ep. 461
Is Asia Going to Lead the Next Bull Run? - Ep. 460
The Chopping Block: The Inside Story of How Blur Toppled NFT Giant OpenSea - Ep. 459
Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown - Ep. 458
Is Gary Gensler on a Mission to Put Crypto Down for Good? - Ep. 457
The Chopping Block: The SEC Is Attacking Crypto – Will Gary Gensler Succeed? - Ep. 456
How This Prosecutor Is Spearheading the Fight Against Crypto ‘Pig Butchering’ Scams - Ep. 455
Chris Blec on Why He Believes a16z’s Uniswap Vote Exposes DeFi as a Farce - Ep. 454
Everything You Need to Know About Filing Your 2022 Crypto Taxes - Ep. 453
The Chopping Block: Why Canto, Up Nearly 500% This Month, Has Its Haters - Ep. 452
Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way' - Ep. 451
Did FTX Ruin Crypto’s Image on Capitol Hill? Two DC Insiders Discuss - Ep. 450
The Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum - Ep. 449
Why Grayscale Is Suing the SEC Over Its Denial of a Bitcoin ETF - Ep. 448
The Chopping Block: Will Genesis Creditors Be Made Whole? - Ep. 447
Not Just FTX: One Skeptic’s Take on Why Crypto Is a Scam - Ep. 446
Why Crypto Developer Activity Continues to Grow Despite the Bear Market - Ep. 445
How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX - Ep. 444
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