Unconfirmed: What $1.8 Billion in Q1 Revenue Means for Coinbases Direct Listing - Ep.227

Published: April 9, 2021, 7:30 a.m.

Larry Cermak, director of research at The Block, discusses the upcoming Coinbase direct listing in light of the exchange\u2019s recently released Q1 revenue hitting an impressive $1.8 billion. In this episode, Larry talks about:\n significant takeaways from Coinbase\u2019s Q1 results (1:04)\n how Coinbase was able to increase its non-transaction revenue in Q1 and why he thinks the exchange gets away with charging higher fees than its competitors (4:14)\n why retail consumers are investing in crypto at such a high clip (8:36)\n how Coinbase compares to its competition -- and why competition will drive transaction fees down (11:23)\n whether it matters that Coinbase has so little Bitcoin on its balance sheet (14:52)\n what he still wants to know about Coinbase after its S-1 filing and Q1 results 15:36)\n products and services that Coinbase should acquire to round out its crypto offering (17:10)\n his expectations for Coinbase\u2019s stock performance (17:50)\n why investors may not be interested in NFTs (19:37)\n how the crypto markets will perform in 2021 and how that might affect the COIN price (20:43)\n Crypto New Recap (22:40)\xa0\n \xa0\n Thank you to our sponsors!\n Download the Crypto.com app and get $25 with the code \u201cLaura\u201d:\xa0\n https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021\n \xa0\n Check out InterPop, a superteam redefining the future of NFTs and fandom!\n https://hellointerpop.io/?utm_source=Unchained&utm_medium=episode-sponsorship&utm_campaign=interpop-launch&utm_content=interpop\n \xa0\n Episode links:\n \xa0\n Larry Cermak\n https://twitter.com/lawmaster\n \xa0\n Coinbase Q1 Results\n Coinbase Details\n \n https://investor.coinbase.com/news/news-details/2021/Coinbase-Announces-First-Quarter-2021-Estimated-Results-and-Full-Year-2021-Outlook/default.aspx\xa0\n \n Larry Cermak Analysis\n \n https://twitter.com/lawmaster/status/1379527265021743110\xa0\n \n The Block\n https://www.theblockcrypto.com/genesis/100749/final-notes-ahead-of-the-coinbase-direct-listing?utm_source=research&utm_medium=email&utm_campaign=2021-04-08\n \n John Street Capital\n https://twitter.com/JohnStCapital/status/1379526362692788227\n \n \xa0\n Direct Listing Information\n https://www.cnbc.com/2021/04/01/coinbase-direct-listing-set-for-april-14-after-sec-approval.html\n https://www.coindesk.com/coinbase-sec-form-s-1\n \xa0\n Related Podcasts\n Gil Luria\n https://unchainedpodcast.com/is-coinbase-stock-a-good-buy-this-analyst-says-yes/\n \n Jeff Roberts\n https://unchainedpodcast.com/coinbases-s-1-the-number-that-may-make-the-exchange-nervous/\n \n \xa0\n Link to the Crypto News Recap:\n https://unchainedpodcast.com/happy-birthday-satoshi1/\nLearn more about your ad choices. Visit megaphone.fm/adchoices