it’s inevitable and still think coinbase is best positioned to introduce this

saw a bunch of startups attempting it and they kept running into similar issues
- kyc/aml no widespread solution, ux sucks. cb already solved this and can attest it to a wallet
- connections. have to find a willing partner (hard to do in size). cb already has this and is trusted
- chain didn’t support feature x. cb has base and can prioritize whatever necessary (clearly speed rn)

but robinhood/etc already did it (from twitter thread)
- every time money de-risks it flows out of crypto. stocks onchain means it stays in crypto (on base so cb gets more fees)
- difficult to move large sums offchain for some players. bring stocks to them instead/“captured market”

also fascinating to think about how stock voting works here. there’s so much onchain infra set up to take advantage of this (swap/vote/leverage/…)

clanking professionally | bc skier | surfer | baker

Things seem to be moving quickly for you! Exciting times ahead.