

Coinbase and Robinhood Are Converging, but Who Wins the Onchain Fintech War? - Ep. 864
29 snips Jul 8, 2025
Diogenes Casares, founder of Klyra Protocol, and Ryan Yi, an investment expert from Coinbase Ventures, dive into the fierce competition between Coinbase and Robinhood. They explore how both companies are transforming the fintech landscape with tokenized assets and their distinct strategies. Discussion includes liquidity challenges for Ethereum, the role of stablecoins, and how user engagement may determine dominance in the market. With insights into perpetual contracts and regulatory impacts, the future of onchain fintech looks more thrilling than ever!
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Different Origins Shape Strategy
- Coinbase is a crypto-first, full-stack platform serving retail and institutional clients.
- Robinhood started as an equities broker and is now adding crypto capabilities for their users.
Contrasting Chain Designs and Focus
- Robinhood's chain acts like a 'Fed chain' with strong KYC and permissioning.
- Base allows more pseudonymous interactions, reflecting fundamentally different approaches.
Divergent Goals for On-Chain Expansion
- Coinbase built Base to foster developers and new crypto products integrated with Coinbase users.
- Robinhood uses its chain primarily to expand equity brokerage offerings into new geographies, like Europe.