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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Episode links:

Larry Cermak

Coinbase Q1 Results

Direct Listing Information

Related Podcasts

Link to the Crypto News Recap: