Coinbase's Interest Income
Coinbase generates 20% of its interest income from customer deposits, specifically fiat dollars, which are invested in short-term government debt. This approach mirrors traditional banking practices, where the goal is to create an interest rate spread. Additionally, the discussion touches on staking, particularly Ethereum staking, which offers a unique yield opportunity described as the "native yield of the Internet."In this clip
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Bankless
195 - The Bull Case for $COIN | Michael Rinko & Jay
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