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

https://twitter.com/lawmaster

Coinbase Q1 Results

Coinbase Details
- https://investor.coinbase.com/news/news-details/2021/Coinbase-Announces-First-Quarter-2021-Estimated-Results-and-Full-Year-2021-Outlook/default.aspx
Larry Cermak Analysis
- https://twitter.com/lawmaster/status/1379527265021743110
The Block
- https://www.theblockcrypto.com/genesis/100749/final-notes-ahead-of-the-coinbase-direct-listing?utm_source=research&utm_medium=email&utm_campaign=2021-04-08
John Street Capital
- https://twitter.com/JohnStCapital/status/1379526362692788227

Direct Listing Information

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Link to the Crypto News Recap:

https://unchainedpodcast.com/happy-birthday-satoshi1/

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