Coinbase Going DeFi?

Coinbase Going DeFi?

By Drake Flyer | Revolution is Crypto | 4 Jan 2023


Coinbase could enable users (even institutional) one-click access to DeFi.

This prediction might not be as wild as you think.

FACT #1

Coinbase has had its share of controversy, but it is a publicly-traded company, and whatever it does could set the tone for the entire crypto market.

FACT #2

Regulation for crypto is coming. There is no way around it. What exactly will be regulated is hard to predict, but one thing is sure – if a cryptocurrency is centralized, it has a higher chance to get unwanted attention and scrutiny from SEC or other financial institutions.

FACT #3

A sufficiently decentralized cryptocurrency might avoid excessive regulations (BTC is a great example). What also could fit into this category are DeFi Projects.

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Source.

Just imagine this:

  1. A centralized cryptocurrency exchange that is publicly traded – Coinbase, starts its support for DeFi projects.
  2. A direct interaction from Coinbase into DeFi protocol pools is enabled.
  3. Users – not just individuals, but also investing funds, can use the Coinbase interface as a bridge between centralized and decentralized DeFi.
  4. “Smart money” starts flowing into DeFi.
  5. DeFi goes mainstream.

Disclaimer

  1. Since I saw the tweet from Pendle, I have purchased even more Pendle and other mentioned tokens.
  2. I am not getting money to write this. Just a fan of DeFi.

 

From Coinbase Website:

What you’ll learn

Where and how you can buy Defi.

We’ve included detailed instructions to make it easier for you.

Some market stats about Defi.

We’ve also included other research opportunities you may be interested in.

Another crypto is similar to Defi.

And how to buy other crypto assets.

 

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Drake Flyer
Drake Flyer

Hi. I am a crypto enthusiat since 2018 and I love writing about it on Medium. I write about the current market situation, to expose frauds and my personal experiences in the crypto world.


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