Raoul Pal: Real Vision cover image

How Coinbase is Leading Institutional Adoption

Raoul Pal: Real Vision

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Coinbase's Balance Between Scale and Profitability

I think the most important thing that happened that helps us answer this question is actually a little bit of luck in terms of when we really went after building the institutional business. We were able to piece together custody, primes, my order routing, financing, the beginning of derivatives, futures, all those things happened at a time where we were able to achieve quite large scale early on with institutional clients. And so it's very fortunate to have had long-term commitments from institutions even through the course of last year which was headline after headline of unwanted headlines,.

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