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)
Thank you to our sponsors!
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Episode links:
Larry Cermak
https://twitter.com/lawmaster
Coinbase Q1 Results
- Coinbase Details
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- Larry Cermak Analysis
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- The Block
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- John Street Capital
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Direct Listing Information
Related Podcasts
Link to the Crypto News Recap:
https://unchainedpodcast.com/happy-birthday-satoshi1/
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