3 ms·
Having cash sounds great, but does this kind of cash create a crutch? $100M seems like a large number for CB, but I don't know enough about its business to unde
by dpflan 9y ago
Having cash sounds great, but does this kind of cash create a crutch? $100M seems like a large number for CB, but I don't know enough about its business to understand how far that money goes. Is CB growing very quickly and in what ways? Is CB making money on their own?
In order to become the de facto home for crypto payment/trading, what does that mean? Does it mean they need to help make the adoption / use of cryptocurrencies easier and more widespread? I am curious as to how this money gets spent.
- wastedhours 9y agoAlso, not sure what their position is on ringfencing deposits, but could also be an in-house credit line for immediate liquidity? Yep - I'd say they need to push into tech to allow mainstream adoption. Being the backend layer to convert crypto to real funds for businesses or payment processors. Talent, partnerships, probably regulatory issues etc...