Unconfirmed: Coinbase's S-1: The Number That May Make the Exchange Nervous - Ep.215
Jeff Roberts, executive editor at Decrypt and author of “King of Crypto: One Startup’s Quest to take Cryptocurrency Out of Silicon Valley and Onto Wall Street” talks about Coinbase going public. In this episode we discuss:
- Jeff's biggest takeaways from Coinbase’s S-1 filing (0:56)
- why institutions are choosing Coinbase (2:42)
- how Coinbase going public feels like validation for bitcoiners (4:37)
- issues Coinbase may face as a business that currently generates 96% of revenue through transaction fees (6:25)
- Why Surojit Chatterjee has so much equity in Coinbase (11:29)
- why Coinbase has only invested $130 million in crypto through its corporate treasury (12:26)
- whether or not decentralized exchanges like Uniswap pose a threat to Coinbase, and whether unregulated centralized exchanges might squeeze them from the other end (15:41)
- challenges Coinbase will face going forward (19:13)
- how well the stock will do once it's listed (20:05)
- Crypto News Recap (20:59)
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Episode Links
Jeff Roberts
Twitter: https://twitter.com/jeffjohnroberts
Personal Website: https://jeffjohnroberts.com/
Decrypt: https://decrypt.co
Kings of Crypto: https://store.hbr.org/product/kings-of-crypto-one-startup-s-quest-to-take-cryptocurrency-out-of-silicon-valley-and-onto-wall-street/10436
Coinbase S-1 Filing Information
S-1 Form: https://www.sec.gov/Archives/edgar/data/1679788/000162828021003168/coinbaseglobalincs-1.htm
Coinbase Profit: https://decrypt.co/59347/coinbase-big-profit-for-2020-ahead-of-milestone-ipo-direct-listing
S-1 Deep Dive: https://www.theblockcrypto.com/post/95921/coinbases-s-1-public-filing-is-now-public-setting-stage-for-a-direct-listing-on-nasdaq
Sending to Satoshi Nakamoto: https://decrypt.co/59509/coinbase-s-1-filing-bitcoin-satoshi-nakamoto + https://twitter.com/laurashin/status/1364954956571279369
Share Distribution: https://decrypt.co/59439/coinbase-insiders-very-rich-goes-public
Pre-IPO Shares: https://www.theblockcrypto.com/linked/96057/coinbase-pre-ipo-shares-ftx-s1
Armstrong Income: https://www.coindesk.com/coinbase-sec-form-s-1
Balance Sheet: https://www.theblockcrypto.com/post/96021/coinbase-says-holds-bitcoin-btc-on-balance-sheet
Transaction Revenue: https://twitter.com/lawmaster/status/1364972834167148548
Link to the Crypto News Recap:
https://unchainedpodcast.com/the-one-figure-in-the-coinbase-s-1/
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