> LOL Isn't the whole point of cryptocurrency to produce an alternative to the current financial system? Coinbase is basically a bridge between traditional and

> LOL Isn't the whole point of cryptocurrency to produce an alternative to the current financial system? Coinbase is basically a bridge between traditional and decentralized finance. > Coinbase entering the traditional stock-market is a flat-out rejection of that; They're just another bank, except they trade in ponzi schemes rather than government-backed currency. Awful My guess is they debated internally whether to do an IEO but ultimately decided it was not worth the regulatory risk.