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I'm not entirely sure if I understand what you're saying completely, but if I do, then that's even _more_ to my point I made. If I have $100M to invest, why th

I'm not entirely sure if I understand what you're saying completely, but if I do, then that's even _more_ to my point I made. If I have $100M to invest, why the hell would I go on Coinbase like a common day trader millenial looking to make $2500, rather than use Gemini Trust to store my millions, where I could save hundreds of thousands or millions of dollars using their auction system? To loosely use an analogy if you will, Robinhood is to Coinbase as Vanguard is to Gemini.

beaner 6y ago
Institutions and professionals don't seem to agree. For example, Microstrategy chose Coinbase to acquire over 40,000 BTC recently. [0] Maybe there are some aspects you're not considering. Seems difficult to believe you know how to spend their money better than they do. [0] https://blog.coinbase.com/coinbase-is-helping-corporate-companies-diversify-with-crypto-444e8d91ebca https://blog.coinbase.com/coinbase-is-helping-corporate-comp...
wmf 6y ago
I think nostrademons was trying to make the point that Coinbase Custody has nothing to do with Coinbase. Even if Coinbase looks amateur, maybe Coinbase Custody and Gemini Custody are both equally professional.
- nostrademons 6y ago
  Yes. Also, interestingly products made for the ultra wealthy are less professional than those for a consumer marketplace. I don't know any consumer website that could get away with a webpage that just says "Contact us for more information. 555-555-5555." But this is pretty common for products that target hedge funds and family offices. The real professionalism happens in the grooming that happens after that initial call, which is all person-to-person relationships.
  - chrisked 6y ago
    Rentec being one of the most successful hedge funds come to mind. Here is their site and investor login https://www.rentec.com/Home.action?index=true https://www.rentec.com/Home.action?index=true

beaner 6y ago

Institutions and professionals don't seem to agree. For example, Microstrategy chose Coinbase to acquire over 40,000 BTC recently. [0] Maybe there are some aspects you're not considering. Seems difficult to believe you know how to spend their money better than they do. [0] https://blog.coinbase.com/coinbase-is-helping-corporate-companies-diversify-with-crypto-444e8d91ebca https://blog.coinbase.com/coinbase-is-helping-corporate-comp...

wmf 6y ago

I think nostrademons was trying to make the point that Coinbase Custody has nothing to do with Coinbase. Even if Coinbase looks amateur, maybe Coinbase Custody and Gemini Custody are both equally professional.

nostrademons 6y ago
Yes. Also, interestingly products made for the ultra wealthy are less professional than those for a consumer marketplace. I don't know any consumer website that could get away with a webpage that just says "Contact us for more information. 555-555-5555." But this is pretty common for products that target hedge funds and family offices. The real professionalism happens in the grooming that happens after that initial call, which is all person-to-person relationships.
- chrisked 6y ago
  Rentec being one of the most successful hedge funds come to mind. Here is their site and investor login https://www.rentec.com/Home.action?index=true https://www.rentec.com/Home.action?index=true