Episode Details
Title | Brian Foster on Coinbase’s wholesale business (EP.605) |
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Date | 3/24/2025 |
Podcast | On The Brink with Castle Island ↗ |
Key Insights
Bullish:
- 🟢 $COINBASE - Coinbase is well-positioned for growth in multiple areas, including its wholesale business, ETF custody services, and corporate payments solutions. The company's strong market share in crypto ETF custody and its focus on enterprise adoption of stablecoins indicate significant potential for expansion.
- “We think this is exciting for the industry. For us, what it really means is it's go time for the wholesale business. And this is a business we don't really make a ton of noise about publicly, but we think it's gonna be an area of accelerating growth for us.” - Brian (3:13)
- “As a firm, broadly, we safeguard something around 12% of the entire crypto market cap. But as you point out, within the ETF market, that number is much, much higher.” - Brian (23:59)
- “I'll say that one area I'm really excited about that we're honing in on is corporate payments and just what we're seeing with these enterprises really starting to embrace stable points.” - Brian (33:04)
- 🟢 $STABLES - 🔒
- 🟢 $BTC - 🔒