Now $168M USDC borrowed against $385M BTC through the @coinbase app
Very cool to be able to invest long-term in BTC while it grows (+25% in the last month, +70% in the last year, +1,100% in last 5 years), while getting USDC back to use in everyday life along the way
It would be easy to get distracted or slow down in a market like this
It's been inspiring to see the @coinbase team stay focused and build the safest and most trusted crypto products out there
Here are just a few product highlights from November 🧵
1/ USDC is one of the most trusted stablecoins in the industry - we’ve waived commision fees when customers buy or sell USDC via fiat currency on Coinbase. We also expanded USDC trading to 11 additional countries and USDC rewards to 41 additional countries.
2/ Added 8 new assets for trading and leveled-up Advanced Trading features, including TradingView directly embedded in the Advanced Trade experience for high-powered charting and technical analysis.
Here’s how @coinbase is advancing the crypto ecosystem with today’s Blackrock announcement:
Blackrock is the world’s largest asset manager with $8.5 trillion in assets under management.
For scale - that’s 44x Ethereum’s mcap.
Aladdin is Blackrock’s portfolio management software that provides investment professionals a way to view and manage daily investments. Importantly, Aladdin also serves ~300 other large asset managers, representing another $22 trillion in AUM.