2 ms·
Coinbase is the "big entrant". They were backed by a ton of deep-pocketed VCs that are tied up with dizzing array of powerful LPs that range from government pen
by spamizbad 3y ago
Coinbase is the "big entrant". They were backed by a ton of deep-pocketed VCs that are tied up with dizzing array of powerful LPs that range from government pensions to sovereign wealth funds. It then went public and is now probably tied up in everything.
- TacticalCoder 3y ago> It then went public... Which the SEC allowed, despite Coinbase back then already allowing to trade what the SEC now considers securities. A weird thing. > ... and is now probably tied up in everything BlackRock (10 trillion assets under management) is launching a Bitcoin ETF. With the Bitcoin backing the ETF to be held in custody at Coinbase. That's a big one I think.