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Coinbase Announces Listing Date of Its Stock on the Nasdaq

blog.coinbase.com

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Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#81

Post by arthurcolle »

ryanSrich wrote: post #66
superfrank wrote: post #17

There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…

Not to mention that Coinbase doesn’t really serve a strong purpose anymore. Why not just use a DEX?

Liquidity.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#82

Post by ipaddr »

Melting_Harps wrote: post #46
brian-armstrong wrote: post #33

Earlier quoted context omitted.

If anyone has fiat lying around causing them problems I'd be happy to take it off your hands. I'm certified for proper fiat handling.

> If anyone has fiat lying around causing them problems I'd be happy to take it off your hands. I'm certified for proper fiat handling. You can't be trusted not to manipulate the Bitcoin market, as you just got fined; your customer service is abhorant and you keep shutting down accounts and trades for no explicable reason. Why would anyone trust you with anything at this point is beyond me. I want you personally to k…

Not a fan of the "Quiet Modem Project"?

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#83

Post by albertshin »

qbasic_forever wrote: post #36

Honest question, why is Coinbase listing on the NASDAQ (edit: tangentially also NYSE)? If their whole business model is predicated on the success of crypto-currency shouldn't the whole world of fiat currency be completely irrelevant and a distraction?

coinbase is still a company with shareholders - decentralized or not. there are shareholders who want liquidity; there are investors who want in now.

the choice of listing has nothing to do with the monetary unit of trade ($, euro, btc, doge etc). the exchange simply enables them to trade the equity of their company. NASDAQ/US is just the most liquid one (and likely where their immediate investors past and future are going to have access to already)

but perhaps I'm not aware of alternatives where one can trade equity in the crypto/defi market?

happy to learn if you point me to the right places.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#84

Post by superfrank »

gruez wrote: post #63
superfrank wrote: post #38

Earlier quoted context omitted.

> 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…

>Apex Crypto is a crypto clearing house, similar to the clearing houses we have for the stock market Is this the same "Apex" that handles clearing for stocks?

I'm not 100% sure. I actually tried to do some research on that a few months ago and couldn't find anything definitive one way or the other (I haven't looked since then).

When I did look, I found some press releases about them partnering, but it was light on details. Based on the name and the fact that their logos now match (they didn't used to), my guess is that they aren't two separate companies.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#85

Post by vmception »

errantmind wrote: post #76
vmception wrote: post #53

Earlier quoted context omitted.

The US markets have the most liquidity and access and users compared to all markets in the world, including crypto markets.

Not from what I've seen. Binance (Intl) has a lot more liquidity than any US specific market, mainly because they offer derivatives

I was referring to the US equities and treasuries markets

Which in this context includes cross linked index and futures markets

As this is a conversation about listing an equity versus a security token on a crypto venue, the liquidity is unparalleled (even if crypto venues were trading registered securities tokens)

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#86

Post by albertshin »

superfrank wrote: post #17

There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…

in the few times I've traded BTC, I've personally seen tighter spreads in Coinbase (fixed + % fee) than Robinhood Crypto ("free").

I'm aware there can be many reasons for this but I couldn't help but wonder if Robinhood was baking in some hidden fees.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#87

Post by superfrank »

Black101 wrote: post #61
superfrank wrote: post #43

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. 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…

The maximum that you can get charged at Coinbase is 1% for a buy & sell transaction pair (0.5% each way), if you don't trade much... so half of webull : https://i.imgur.com/IohYn4o.png But it goes down quickly. It gets cut in half if you trade $50k/month and goes to down to 0% if you trade a lot.

That's not including the credit and debit card fees though, right?

It's been a while since I've used Coinbase, but I feel if you want to just buy a small amount of crypto, the total fees can be up to like 10%.

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#88

Post by Black101 »

tedunangst wrote: post #73
gruez wrote: post #65

Earlier quoted context omitted.

That's their quote for casual users. You get much tighter spreads on coinbase pro.

I think that's the right comparison for webull or robinhood.

maybe they should add a 3rd option where you would pay 5% ....

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#89

Post by pdog »

superfrank wrote: post #17

There was a time when would have loved to buy Coinbase stock. Just a few years ago, they were by far the easiest was to buy crypto (IMO). At that time they also felt like the most legitimate site and for people who didn't 100% know what they were doing, but wanted to buy some Bitcoin, that perception of legitimacy is important. For those reasons, I feel like they kind of dominated the casual coin holder space, and I…

> Because of things like Apex Crypto, it feels like pretty much every stock broker app will now let you buy Bitcoin and they'll do it with lower fees than Coinbase.

Which stock broker app lets you deposit in Bitcoin? Or withdraw your Bitcoin to your own address?

Re: Coinbase Announces Listing Date of Its Stock on the Nasdaq

#90

Post by perardi »

sjg007 wrote: post #60

What happens when the US bans Bitcoin?

I don’t think anyone has seriously suggested such a thing would happen.

India, though, has floated such a ban.

https://www.reuters.com/article/uk-india-cryptocurrency-ban/...

And I don’t think it would be crazy to imagine China doing such a thing.

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