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
Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion - Ep. 423
Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? - Ep. 422
The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater - Ep. 421
Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In - Ep. 420
Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets - Ep. 419
The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? - Ep. 418
Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate - Ep. 417
The Chopping Block: Can Exchange CEOs Like SBF Be Crypto True Believers? - Ep. 416
Bitcoin Miners Going Bankrupt? Here's How Crypto Winter Is Impacting the Industry - Ep. 415
Are NFT Royalties the Way? How to Build a Sustainable Creator Economy - Ep. 414
The Mango Markets Attacker on Whether His 'Trade' Was Ethical or Not - Ep. 413
Eric Wall and Udi Wertheimer on Why Bitcoin Maximalism Is 'Like a Shitcoin Community' - Ep. 412
The Chopping Block: 'Code Is Law' Is 'Obviously Not How Anything Works Ever' - Ep. 411
Fat Man Terra Speaks: Do Kwon Is a ‘Sociopath’ and a ‘Charismatic Manipulator’ - Ep. 410
The Chopping Block: Two on Two Debate: NFT Royalty Throwdown! - Ep. 409
Do Kwon of Terra: 'It Was Never Really About Money or Fame or Success' - Ep. 408
Why the SEC Is Probing Yuga Labs and Coin Center �Is Suing Treasury - Ep. 407
Zaki Manian and Jack Zampolin on Why ATOM Is 'Dogecoin for Academics' - Ep. 406
The Chopping Block: Was This Gary Gensler's Most Liked Tweet? - Ep. 405
Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End - Ep. 404
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