Larry Cermak, director of research at The Block, discusses the upcoming Coinbase direct listing in light of the exchange’s recently released Q1 revenue hitting an impressive $1.8 billion. In this episode, Larry talks about:
- significant takeaways from Coinbase’s Q1 results (1:04)
- 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)
- why retail consumers are investing in crypto at such a high clip (8:36)
- how Coinbase compares to its competition — and why competition will drive transaction fees down (11:23)
- whether it matters that Coinbase has so little Bitcoin on its balance sheet (14:52)
- what he still wants to know about Coinbase after its S-1 filing and Q1 results 15:36)
- products and services that Coinbase should acquire to round out its crypto offering (17:10)
- his expectations for Coinbase’s stock performance (17:50)
- why investors may not be interested in NFTs (19:37)
- how the crypto markets will perform in 2021 and how that might affect the COIN price (20:43)
- Crypto New Recap (22:40)
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https://hellointerpop.io/?utm_source=Unchained&utm_medium=episode-sponsorship&utm_campaign=interpop-launch&utm_content=interpopEpisode links:
Larry Cermak
https://twitter.com/lawmasterCoinbase Q1 Results
- Coinbase Details
- Larry Cermak Analysis
- The Block
- John Street Capital
Direct Listing Information
- https://www.cnbc.com/2021/04/01/coinbase-direct-listing-set-for-april-14-after-sec-approval.html
- https://www.coindesk.com/coinbase-sec-form-s-1
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