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
Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF - Ep. 509
Uniswap Founder Hayden Adams on How ‘Hooks’ Make v4 Different - Ep. 508
SEC’s Hester Peirce Tackles ‘Frustrating’ Crypto Regulation – And Why It’s So Slow - Ep. 507
The Chopping Block: Why Uniswap V4 Creates a Bigger Attack Surface Area - Ep. 506
Hong Kong's New Crypto Regulation: Will It Attract the Industry? - Ep. 505
SEC Sues Binance, Coinbase: ‘This Is Not the End of Crypto in the United States’- Ep. 504
The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility - Ep. 503
What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502
The Chopping Block: Will Modular Blockchains Win? - Ep. 501
Laura Shin Reflects on 500 Episodes of ‘Unchained’ - Ep.500
These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler - Ep. 499
Ethereum L2s Are About to Be the Hot New Thing in NFTs - Ep.498
The Chopping Block: Why Everyone Is Talking About EigenLayer - Ep. 497
Ex-CFTC Commissioner Berkovitz Says ‘DeFi Should Be Regulated’ – But How? - Ep. 496
The Chopping Block: Wizards vs. Laser Eyes for the Future of Bitcoin - Ep. 495
The Ugly Tradeoffs of Ledger’s New Recovery Service - Ep. 494
Bitcoin’s BRC-20 Mania: Is It Sustainable? - Ep. 493
The Chopping Block: Do Aragon Association Members Get 'Fat Salaries' With 'Zero Accountability'? - Ep. 492
The IRS Wants $44B From Bankrupt FTX. How Is That Possible? - Ep. 491
Writing the Book on FTX’s Downfall: ‘It Was All Just Sam’ - Ep. 490
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