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: <ul> <li style="font-weight: 400;" aria-level="1">significant takeaways from Coinbase’s Q1 results (1:04)</li> <li style="font-weight: 400;" aria-level="1">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)</li> <li style="font-weight: 400;" aria-level="1">why retail consumers are investing in crypto at such a high clip (8:36)</li> <li style="font-weight: 400;" aria-level="1">how Coinbase compares to its competition -- and why competition will drive transaction fees down (11:23)</li> <li style="font-weight: 400;" aria-level="1">whether it matters that Coinbase has so little Bitcoin on its balance sheet (14:52)</li> <li style="font-weight: 400;" aria-level="1">what he still wants to know about Coinbase after its S-1 filing and Q1 results 15:36)</li> <li style="font-weight: 400;" aria-level="1">products and services that Coinbase should acquire to round out its crypto offering (17:10)</li> <li style="font-weight: 400;" aria-level="1">his expectations for Coinbase’s stock performance (17:50)</li> <li style="font-weight: 400;" aria-level="1">why investors may not be interested in NFTs (19:37)</li> <li style="font-weight: 400;" aria-level="1">how the crypto markets will perform in 2021 and how that might affect the COIN price (20:43)</li> <li style="font-weight: 400;" aria-level="1">Crypto New Recap (22:40) </li> </ul>   Thank you to our sponsors! Download the <a href= "http://crypto.com/">Crypto.com</a> app and get $25 with the code “Laura”:  <a href= "https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021"> https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021</a>   Check out InterPop, a superteam redefining the future of NFTs and fandom! <a href= "https://hellointerpop.io/?utm_source=Unchained&utm_medium=episode-sponsorship&utm_campaign=interpop-launch&utm_content=interpop"> https://hellointerpop.io/?utm_source=Unchained&utm_medium=episode-sponsorship&utm_campaign=interpop-launch&utm_content=interpop</a>   Episode links:   Larry Cermak <a href="https://twitter.com/lawmaster">https://twitter.com/lawmaster</a>   Coinbase Q1 Results <ul> <li style="font-weight: 400;" aria-level="1">Coinbase Details</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://investor.coinbase.com/news/news-details/2021/Coinbase-Announces-First-Quarter-2021-Estimated-Results-and-Full-Year-2021-Outlook/default.aspx"> https://investor.coinbase.com/news/news-details/2021/Coinbase-Announces-First-Quarter-2021-Estimated-Results-and-Full-Year-2021-Outlook/default.aspx</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Larry Cermak Analysis</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/lawmaster/status/1379527265021743110"> https://twitter.com/lawmaster/status/1379527265021743110</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">The Block</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "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"> 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</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">John Street Capital</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/JohnStCapital/status/1379526362692788227"> https://twitter.com/JohnStCapital/status/1379526362692788227</a></li> </ul> </li> </ul>   Direct Listing Information <ul> <li style="font-weight: 400;" aria-level="1"><a href= "https://www.cnbc.com/2021/04/01/coinbase-direct-listing-set-for-april-14-after-sec-approval.html"> https://www.cnbc.com/2021/04/01/coinbase-direct-listing-set-for-april-14-after-sec-approval.html</a></li> <li style="font-weight: 400;" aria-level="1"><a href= "https://www.coindesk.com/coinbase-sec-form-s-1">https://www.coindesk.com/coinbase-sec-form-s-1</a></li> </ul>   Related Podcasts <ul> <li style="font-weight: 400;" aria-level="1">Gil Luria</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/is-coinbase-stock-a-good-buy-this-analyst-says-yes/"> https://unchainedpodcast.com/is-coinbase-stock-a-good-buy-this-analyst-says-yes/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Jeff Roberts</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/coinbases-s-1-the-number-that-may-make-the-exchange-nervous/"> https://unchainedpodcast.com/coinbases-s-1-the-number-that-may-make-the-exchange-nervous/</a></li> </ul> </li> </ul>   Link to the Crypto News Recap: <a href= "https://unchainedpodcast.com/happy-birthday-satoshi1/"> https://unchainedpodcast.com/happy-birthday-satoshi1/</a>

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Unconfirmed: What $1.8 Billion in Q1 Revenue Means for Coinbase’s Direct Listing - Ep.227

Laura Shin