Coinbase entering the traditional stock-market is a flat-out rejection of that; They're just another bank, except they trade in ponzi schemes rather than government-backed currency. Awful
Coinbase is basically a bridge between traditional and decentralized finance.
> Coinbase entering the traditional stock-market is a flat-out rejection of that; They're just another bank, except they trade in ponzi schemes rather than government-backed currency. Awful
My guess is they debated internally whether to do an IEO but ultimately decided it was not worth the regulatory risk.
Cryptocurrency is more an alternative to banking, Coinbase is like a bank but more like a wallet collection and connector from currency to other digital currency. Some see it as securities/speculation as well including the IRS.
Part of the reason they are going into the market is big money returns but another is normalizing digital currency as part of the overall market, it also helps with marketing to new users that would never trust it previously, new channels. No doubt it will affect some of what happens as regulations come down, they are inevitable as money/market caps grow in anything.
As an example Michael Saylor could change aegentin peso to USD in an argentin bank ($1M), but the surprise came when he wanted to move it to US.
Monero (and other privacy coins) are the future of DeFi.