Is Coinbase the most misunderstood company trading on the NASDAQ?

That was the question Oskari and I asked ourselves after we finished our research for this week’s episode.

Topics discussed:

How Coinbase has diversified its lines of revenue since the last cycle
What we can learn about the market cycle from observing Coinbase user activity & trading volumes
How Coinbase is moving its business “onchain” via Base L2
How stablecoins are now 12% of Coinbase’s top-line revenue
Why Coinbase is starting to look like a bank (offering yield via staking + over $100b of user assets on the platform)
Key partnerships with Visa, Circle, Google Cloud, and Blackrock
How Coinbase may have already seeded multiple unicorns via Coinbase Ventures
Coinbase Wallet & it’s potentially massive data monetization opportunity
Competition in the US and abroad
The SEC vs Coinbase
How Coinbase has become more efficient (lowered its operating expense) while expanding product lines
Why we think there are parallels between Amazon (web2) and Coinbase (web3)

If you squint a little, you might be able to see a path to Coinbase becoming a trillion-dollar company.

Watch/Listen to Episode 5 of The Signal to learn why!

The DeFi Report is powered by Token Terminal — the leading onchain data & analytics platform for institutional investors. If you’re interested, you can sign up for a free account at the link here: FREE ACCOUNT

We hope you enjoy the episode and have a great weekend.

Disclaimer: Individuals have unique circumstances, goals, and risk tolerances, so you should consult a certified investment professional and/or do your own diligence before making investment decisions. The co-hosts and their guests are not investment advisors and may hold positions in the assets covered. Certified professionals can provide individualized investment advice tailored to your unique situation. The topics discussed are for general educational purposes only, are not individualized, and as such should not be construed as investment advice. Any content shared in the podcast is derived from both publicly available information as well as proprietary data sources. All information presented and sources are believed to be reliable as of the date first published. Any opinions expressed during the show are based on information available as of the date of the publication. Although The DeFi Report and the co-hosts believe the information presented is substantially accurate in all material respects and does not omit to state material facts necessary to make the statements herein not misleading, all information and materials shared or discussed are provided on an “as is” and “as available” basis, without warranty or condition of any kind either expressed or implied.

Is Coinbase the Amazon of Web3?

What equity analysts on Wall Street are missing