Shared some alpha on what's coming soon in the Coinbase app:
1/ Native DEX trading - if it's onchain, it's on Coinbase
2/ Perps in the US - most powerful trading product in the world, coming to the Coinbase app in the US
3/ Earn up to 4.5% APY just holding cash as USDC - now more than $12B USDC across Coinbase products
4/ Earn up to 14% APY staking - now more than $15B staked assets across Coinbase products
5/ Borrow USDC against your BTC at ~5%, powered by @MorphoLabs - nearly $500M originated in <6 months
6/ New Coinbase One tier rolling out at just $4.99/month or $49.99/yr - with zero trading fees, boosted rewards, onchain benefits, and priority support
7/ And one more thing... Coinbase One Card w/ up to 4% BTC back on every purchase, in every category - coming this fall to Coinbase One members, including the new Basic tier at just $49.99/yr
The team has been cooking 🔥
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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.