Then, Coinbase grew 300% in the last year, Nasdaq just 33%.
It’s like asking how Amazon can be worth more than Barnes and Noble in 2004 (or what year that was).
EDIT: And fraction was less than 1/10th of the combined entities. Again, where’s the upside? Are you saying this gets to tens of billions in revenue? Wells is at $80 billion and valued at $150 billion. Is Coinbase going to get to $80 billion in revenue? How?
As for where Coinbase can go - it can take the Wallstreet on in terms of trading securities (security tokens) and derivatives - the whole DeFi market which is what Internet was to publishing companies.
Is the premise that every mom and pop will list shares in their company somewhere? The problem with that isn’t technological. It’s regulatory. And the regulations were created for good reasons.
Internet didn’t succeed because it allowed illegal stuff to be published. It succeeded because anyone could begin publishing, and if it was illegal then it was their responsibility.
With blockchain it’s similar - you can create financial instruments without gatekeepers. It is your responsibility to uphold the laws.
Such approach leads to far greater innovation. Just look at what UniSwap is doing - they are pioneering a system to exchange low volume tokens without an order book. This is something that stock exchanges tried to solve for many years and failed. Or flash loans - a concept that is virtually impossible to do on the traditional markets, and makes the whole financial system way more resilient in the end.
Lol coinspot let me send out my coins to a wallet no problem. No multi week delays!
