Unconfirmed: Coinbase's S-1: The Number That May Make the Exchange Nervous - Ep.215

Published: Feb. 26, 2021, 8:30 a.m.

Jeff Roberts, executive editor at Decrypt and author of \u201cKing of Crypto: One Startup\u2019s Quest to take Cryptocurrency Out of Silicon Valley and Onto Wall Street\u201d talks about Coinbase going public. In this episode we discuss:\n Jeff's biggest takeaways from Coinbase\u2019s S-1 filing (0:56)\n why institutions are choosing Coinbase (2:42)\n how Coinbase going public feels like validation for bitcoiners (4:37)\n issues Coinbase may face as a business that currently generates 96% of revenue through transaction fees (6:25)\n Why Surojit Chatterjee has so much equity in Coinbase (11:29)\n why Coinbase has only invested $130 million in crypto through its corporate treasury (12:26)\n 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)\n challenges Coinbase will face going forward (19:13)\n how well the stock will do once it's listed (20:05)\n Crypto News Recap (20:59)\xa0\n \xa0\n Thank you to our sponsor!\n Crypto.com: https://bit.ly/3jzkTAD\xa0\n Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla\n \xa0\n Episode Links\n Jeff Roberts\n Twitter: https://twitter.com/jeffjohnroberts\n Personal Website: https://jeffjohnroberts.com/\xa0\n Decrypt: https://decrypt.co\n 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\n \xa0\n Coinbase S-1 Filing Information\n S-1 Form: https://www.sec.gov/Archives/edgar/data/1679788/000162828021003168/coinbaseglobalincs-1.htm\n Coinbase Profit: https://decrypt.co/59347/coinbase-big-profit-for-2020-ahead-of-milestone-ipo-direct-listing\n 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\n Sending to Satoshi Nakamoto: https://decrypt.co/59509/coinbase-s-1-filing-bitcoin-satoshi-nakamoto + https://twitter.com/laurashin/status/1364954956571279369\xa0\n Share Distribution: https://decrypt.co/59439/coinbase-insiders-very-rich-goes-public\n Pre-IPO Shares: https://www.theblockcrypto.com/linked/96057/coinbase-pre-ipo-shares-ftx-s1\xa0\n Armstrong Income: https://www.coindesk.com/coinbase-sec-form-s-1\xa0\n Balance Sheet: https://www.theblockcrypto.com/post/96021/coinbase-says-holds-bitcoin-btc-on-balance-sheet\xa0\n Transaction Revenue: https://twitter.com/lawmaster/status/1364972834167148548\n \xa0\n Link to the Crypto News Recap:\n https://unchainedpodcast.com/the-one-figure-in-the-coinbase-s-1/\nLearn more about your ad choices. Visit megaphone.fm/adchoices