How Much Slippage Is Enough?

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Coinbase gives you a quote based on an order book. It's not price fixed, but there is some slippage and by the time the quote is executed, if the price has moved too much, like we may reject it. And then what's happening is we're initiating a debit to your payment method,. Whether that's a credit card or a bank count or, you know, you're storing dollars or euros or something on our platform. There's various payment methods. So we're basically debiting that. And then we're crediting you the crypto. We're taking a fee for it too.

Brian Armstrong is the CEO of Coinbase. Please support this podcast by checking out our sponsors:
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(08:19) – Programming
(14:17) – Coinbase
(45:05) – Startup advice
(1:02:56) – Economic freedom
(1:12:06) – Coinbase technology
(1:23:33) – Listing on Coinbase
(1:32:47) – Regulations
(1:47:25) – Crypto dominance
(1:51:42) – Employee activism
(2:08:00) – Leadership
(2:10:39) – ResearchHub
(2:20:17) – NewLimit
(2:24:44) – Advice for young people
(2:28:55) – Meaning of life