Coinbase Announces Listing Date of Its Stock on the Nasdaq

Post by Black101 » Thu, Apr 01, 2021, 10:27 PM UTC

superfrank wrote: post #43

Black101 wrote: post #27

Earlier quoted context omitted.

Many Stock brokers like Webull let you buy crypto, but you can't transfer them to your wallet or use them to make purchases. Also, they claim no fees, but they add the fee to the spread (the spread is artificially increased to 1% both ways (2% total)) ... so it is like a hidden fee that ends up being more then what you pay on Coinbase, especially if you trade a substantial amount each month [1]. So Coinbase is still…

> Many Stock brokers like Webull let you buy crypto, but you can't transfer them to your wallet or use them to make purchases. Fair, but I feel like most people I know aren't using crypto as a currency right now. They're more interested in holding or speculating on the price, so transferring to another wallet is a non-issue. > Also, they claim no fees, but they add the fee to the spread (the spread is artificially in…

Post by gruez » Thu, Apr 01, 2021, 10:31 PM UTC

superfrank wrote: post #38

perardi wrote: post #28

Earlier quoted context omitted.

What’s “Apex Crypto”? I am not being obtuse or sarcastic here. Is it this? http://apexcrypto.com Because that website tells me nothing at all. And past that, Google only shows a few press releases. - But on the consumer crypto coin collector criteria, it still seems like Coinbase has the mind-share. And I imagine they have the reach and scale to be in compliance with regulators, which is what makes them a more attrac…

> What’s “Apex Crypto”? Apex Crypto is a crypto clearing house, similar to the clearing houses we have for the stock market. Companies like Robinhood, WeBull, SoFi, etc aren't building their crypto trading infrastructure from the ground up. They're plugging into services like this, which handle the exchange between fiat and crypto and a lot of the regulatory compliance. This drastically cuts down the complexities and…

Post by gruez » Thu, Apr 01, 2021, 10:32 PM UTC

tedunangst wrote: post #59

Black101 wrote: post #27

Earlier quoted context omitted.

Many Stock brokers like Webull let you buy crypto, but you can't transfer them to your wallet or use them to make purchases. Also, they claim no fees, but they add the fee to the spread (the spread is artificially increased to 1% both ways (2% total)) ... so it is like a hidden fee that ends up being more then what you pay on Coinbase, especially if you trade a substantial amount each month [1]. So Coinbase is still…

For reference, coinbase is currently quoting bid/ask for bitcoin at around 58/62...

Post by sk55 » Thu, Apr 01, 2021, 10:33 PM UTC

sjg007 wrote: post #60

What happens when the US bans Bitcoin?

Post by gruez » Thu, Apr 01, 2021, 10:34 PM UTC

Hermel wrote: post #9

thirdlamp wrote: post #2

Would've been interesting if they'd IPO through some crypto means, like on ether or something

Yes, this is a missed opportunity for crypto. Unfortunately, securities and exchanges for securities are so heavily regulated, that it is very hard to try something like this with a “fail fast” approach and we will probably have to wait for quite a while until we see such markets happen, if at all. To me as a computer scientist, it is astonishing that even something as simple as a web service that matches willing buy…