Dan Romero
@dwr.eth
In 2015, out of 5,000+ banks in the US, there were exactly 3 banks willing to work with licensed crypto exchanges. Establishing and maintaining bank relationships *despite* Operation Chokepoint is an important reason why Coinbase is valuable today.
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justin.ahn.eth
@ahn.eth
what were the banks?
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jd 🌺
@jdl
how has that changed since then? does Coinbase share the list of US banks their relationship list anywhere
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na
@na
what are the institutional farcaster relationships?
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Specktacular Cast ⛏️🐸🔵
@specktacular
Based Banks! Let's see if the winds of change with recent elections over there on the other side of the pond will make more of them collaborative - Good point. Thank you.
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L3MBDA
@l3mbda
such an olympic sport in 2015
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Mohd Talib
@talibgaming
Coinbase's ability to establish and maintain banking relationships during that time was crucial. It allowed them to operate more smoothly, handle customer deposits and withdrawals, and ultimately build trust with users. This strategic positioning is a big part of why Coinbase has become such a valuable player in the cryptocurrency market today.
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Midnight Marauder
@midnightmarauder.eth
Definitely, my main thesis on why Base wil never have a token as well,CB is cautious with their actions. The other is not wanting to lose the ability to do the majority of BTC and ETH etf custody in the States.
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