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Coinbase S-1

sec.gov

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Re: Coinbase S-1

#31

Post by aww_dang »

yrgulation wrote: post #11
mlacks wrote: post #3

I use coinbase as it was the easiest and least sketchy way to buy a couple of years ago. I feel though that a lot of the big gains for a particular coin are made before coinbase authorizes that coin for trade on their platform. Can anyone provide some insight/ ELI5 as to why the coin selection is curated vs a free for all?

> a lot of the big gains for a particular coin are made before coinbase authorizes that coin interesting observation. it seems to be the case for binance as well. i see coins gaining 20-30x before or right when it gets listed. perhaps “insider” trading right before a coin listing? As for coin curation i suppose thats as a means to filter out scams.

Perhaps there is also an element of limiting competition for vested interests?

Re: Coinbase S-1

#32

Post by u678u »

I thought that the point of crypto is low fees? Nice that crypto has a $~1T market cap. But just one broker is going to have a market cap of one tenth of that. Makes no sense.

Re: Coinbase S-1

#35

Post by ketamine__ »

u678u wrote: post #32

I thought that the point of crypto is low fees? Nice that crypto has a $~1T market cap. But just one broker is going to have a market cap of one tenth of that. Makes no sense.

The market cap of crypto is much larger than 1B. It's at least 1 trillion.

Re: Coinbase S-1

#36

Post by nunchuck »

globular-toast wrote: post #30
lucasverra wrote: post #22

I do ask myself if a 100B valuation on public listing is the start of mainstream crypto. Plus the direct listing is a giant middle finger to traditional banking and overall establishment, right? Like : Here are the new rules this new internet will be playing by. Direct, decentralized. Adapt or die?

Coinbase play within the rules of the current establishment.

And at the same time, they're influencing history. For better or worse, I guess we'll have to see.

Re: Coinbase S-1

#37

Post by anonu »

Love reading the risk factors section. First thought: how can a lay person possibly understood the risks as laid out here?

Also they view this as a major risk: •the identification of Satoshi Nakamoto, the pseudonymous person or persons who developed Bitcoin, or the transfer of Satoshi’s Bitcoins;

Second thought, what an incredible business and growth.

1.14bn in revenue on 193bn in trading volume: thats 60bps on every dollar traded. These are insane fees ripe for disruption.

Re: Coinbase S-1

#39

Post by appplemac »

globular-toast wrote: post #30
lucasverra wrote: post #22

I do ask myself if a 100B valuation on public listing is the start of mainstream crypto. Plus the direct listing is a giant middle finger to traditional banking and overall establishment, right? Like : Here are the new rules this new internet will be playing by. Direct, decentralized. Adapt or die?

Coinbase play within the rules of the current establishment.

Agreed, I personally view them as a bridge between the traditional brokerage model that more traditional investors can understand and use, and the crypto world that is looking to be separate from the traditional model.

Re: Coinbase S-1

#40

Post by lucasverra »

globular-toast wrote: post #30
lucasverra wrote: post #22

I do ask myself if a 100B valuation on public listing is the start of mainstream crypto. Plus the direct listing is a giant middle finger to traditional banking and overall establishment, right? Like : Here are the new rules this new internet will be playing by. Direct, decentralized. Adapt or die?

Coinbase play within the rules of the current establishment.

Direct listing is kinda novel, nah ?
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