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: Why Gemini Users Are Mad at Genesis and DCG - Ep. 443
DCG's Dilemma: Should It Sell Its GBTC Holdings to Repay Gemini? - Ep. 442
What Does Mango Markets Exploiter Avi Eisenberg's Arrest in Puerto Rico Mean for DeFi? - Ep. 441
Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy? - Ep. 440
Could the Crypto Markets Revive in 2023? Two Researchers Discuss - Ep. 439
Why Martin Shkreli Thinks SBF's New Judge Could Still Be Lenient - Ep. 438
The Chopping Block Recaps 2022: Crypto's Biggest Winners and Losers and Best Memes - Ep. 437
Collapses, Bankruptcies, and Fraud: How 2022 Became the Year of Crypto Carnage - Ep.436
Martin Shkreli Explains Why Sam Bankman-Fried Got Lucky With His Judge - Ep. 435
2022 in Review + How Cobie and Chris Burniske Are Playing the New Year - Ep. 434
The Chopping Block: Was FTX a Scam From the Very Beginning? - Ep. 433
How Much Prison Time Is FTX's Sam Bankman-Fried Facing? - Ep. 432
How Will the FTX Collapse Affect Silvergate? A Bear and a Bull Debate - Ep. 431
Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years - Ep. 430
Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It? - Ep. 429
The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? - Ep. 428
Adam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months - Ep. 427
'The Last Big Whale': Why the Crypto Contagion of 2022 Eventually Hit Genesis - Ep. 426
Gabriel Haines on How He Came to Make His Hilarious, Yelling Crypto Videos - Ep. 425
The Chopping Block on FTX/Alameda: Is Sam Bankman-Fried 'Crypto Kanye'? - Ep. 424
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