Latest / The Paul Barron Crypto Show / Coinbase Launches Stocks and More!🔥But Is It Enough?

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Coinbase Launches Stocks and More!🔥But Is It Enough? · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Coinbase announces token is stocks and much more. Today we'll
• 0:03
  Speaker 1: break it down. Does this mean anything for you guys,
• 0:05
  Speaker 1: let's just jump right in. I do want to thank
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  Speaker 1: Go out there, check it out, use our link ten percent.
• 0:43
  Speaker 1: We'll help you. If they've got discounts, they stack them
• 0:45
  Speaker 1: for you, so make sure and use that link. We
• 0:48
  Speaker 1: did do a video on Robin Hood's announcements. This was
• 0:51
  Speaker 1: the video that we did a full breakdown on this
• 0:53
  Speaker 1: with Flad and everything that was happening over at Skywalker Ranch,
• 0:58
  Speaker 1: and of course Coinbase came in right behind them and
• 1:01
  Speaker 1: started with theirs. Let's go right to the first clip.
• 1:04
  Speaker 2: Stock trading is now available on Coinbase, and after just
• 1:08
  Speaker 2: a few taps, I can buy Nvidia using USDC And
• 1:13
  Speaker 2: the best part is that you only need one account.
• 1:16
  Speaker 1: All right, So let me know in the comments, would
• 1:19
  Speaker 1: you guys use Coinbase to buy stocks? You know now
• 1:23
  Speaker 1: that I mean because many of you are buying stocks elsewhere,
• 1:26
  Speaker 1: maybe maybe it's a Wee Bull or Robinhood or who
• 1:30
  Speaker 1: knows where, But would you use Coinbase to buy stocks?
• 1:34
  Speaker 1: Drop some comments down let me know if you would.
• 1:36
  Speaker 1: I'm kind of curious how is this going to work
• 1:38
  Speaker 1: on Coinbase If you look at the example here. In
• 1:42
  Speaker 1: terms of maker taker fees, Coinbase a little bit higher
• 1:45
  Speaker 1: than some of those out there. Obviously will be higher
• 1:47
  Speaker 1: than dfive, But I'm kind of curious what this is
• 1:49
  Speaker 1: going to be for actual fees to trade stocks out
• 1:53
  Speaker 1: over there on Coinbase. I'm sure they're going to be
• 1:54
  Speaker 1: somewhat competitive with the market. We'll know when this all releases. Now,
• 1:59
  Speaker 1: we had Base on the show not too long ago.
• 2:02
  Speaker 1: This was, of course, an example of some of the
• 2:04
  Speaker 1: fees that they're paying just to buy eth over there
• 2:07
  Speaker 1: not necessarily winning the eth wars in terms of fees.
• 2:10
  Speaker 1: But again, most people, if you're at coinbase, you're probably
• 2:13
  Speaker 1: using it for security purposes or are you let me know.
• 2:18
  Speaker 1: X Stocks of course also did a big announcements that
• 2:20
  Speaker 1: is going to be very competitive to coinbase in terms
• 2:24
  Speaker 1: of token is stocks. They of course have already started
• 2:28
  Speaker 1: to really accelerate, and of course fees there will be
• 2:31
  Speaker 1: the big issue. I think that's going to be something
• 2:34
  Speaker 1: that we'll have to see how this plays out in
• 2:36
  Speaker 1: the market between the two. Now, I want to get
• 2:38
  Speaker 1: into another announcement they made, which was prediction markets. We
• 2:41
  Speaker 1: knew that one was coming, but here was their statement.
• 2:44
  Speaker 2: Take a look, we're also launching prediction markets from sports
• 2:49
  Speaker 2: to crypto to entertainment. If you're into sports, you can
• 2:52
  Speaker 2: trade on who will win the big game, and you
• 2:54
  Speaker 2: can see buying a contract is just as easy as
• 2:58
  Speaker 2: buying bitcoin.
• 3:00
  Speaker 1: All right, So as you can see here, the fees
• 3:01
  Speaker 1: have extended over onto prediction markets. Be aware of that
• 3:04
  Speaker 1: if you're making small bets, probably not necessarily the perfect thing.
• 3:08
  Speaker 1: I anticipate those fees are probably going to get reduced
• 3:11
  Speaker 1: because they're going to have to be competitive in the
• 3:14
  Speaker 1: market going forward. Another area they're going to have to
• 3:17
  Speaker 1: be competitive in is AI. We saw the announcements by
• 3:20
  Speaker 1: Robin Hood. Here's what Coinbase announced. Take a look.
• 3:24
  Speaker 3: I am proud to introduce Coinbase Advisor. It can even
• 3:29
  Speaker 3: spot the opportunities you never would have thought to ask about.
• 3:33
  Speaker 3: I'll ask the AI to build me a portfolio. This
• 3:36
  Speaker 3: AI model is actively curated by a team of portfolio
• 3:39
  Speaker 3: managers with seventy five years of combined experience. Looks like
• 3:42
  Speaker 3: it's recommending bitcoin, Ethereum and USDC lend. The portfolio looks
• 3:47
  Speaker 3: pretty good and honestly makes me more bullish on AI.
• 3:51
  Speaker 3: This story about how Vanguard and Bank of America are
• 3:53
  Speaker 3: expanding access to ETFs gives me advice around dollar cost
• 3:57
  Speaker 3: averaging into bitcoin over the next several months.
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  Speaker 1: One thing that is going to be necessary by all
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  Speaker 1: of these exchanges is a very effective AI tool. Now
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  Speaker 1: I see that you know this was more of a
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  Speaker 1: corporate presentation. I get it. It's very early, but they
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  Speaker 1: are going head to head with Robinhood, so they are
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  Speaker 1: going to have to be able to get a competitive
• 4:17
  Speaker 1: landscape in place. So you would think that Coinbase would
• 4:21
  Speaker 1: of course engage virtuals. VIRTUALS, of course is one of
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  Speaker 1: the best out there. The problem is is that I
• 4:26
  Speaker 1: don't necessarily think that virtuals is going to be the
• 4:28
  Speaker 1: model that they choose, mainly because of the situation that
• 4:31
  Speaker 1: we could be dealing with with fees. Now here's Jensen
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  Speaker 1: talking about virtuals and how they're growing. Take a look.
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  Speaker 4: If a agent helps veesitate a one hundred dollars trip,
• 4:43
  Speaker 4: so he judges one dollar, we dident think ten cents
• 4:45
  Speaker 4: of the entire transaction S revenue to ourselves.
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  Speaker 1: Yeah, so that one's growing exponentially. This is the one
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  Speaker 1: I mentioned last weekend.
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  Speaker 4: It was one hundred million today event Tuesday, Wednesday, it's
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  Speaker 4: a it's twenty percent in.
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  Speaker 1: Like two days.
• 5:00
  Speaker 4: So it's a fresh hockey stick chart they were seen.
• 5:03
  Speaker 4: So it's a winner takes all environment. Like today, VRD
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  Speaker 4: number one hic launchpad in the entire crypto space. We've
• 5:11
  Speaker 4: even seen it all the way to predicial markets. They
• 5:14
  Speaker 4: can natively create liquory pools for you for any kind
• 5:17
  Speaker 4: of topics that you're trying to back on.
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  Speaker 1: That I think would be the way that they could
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  Speaker 1: really take an edge over Robinhood and it's intriguing that
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  Speaker 1: they have not gone that direction. So maybe there are
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  Speaker 1: some other issues, or maybe they have a roadmap that
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  Speaker 1: has some other plays yet to come out within their
• 5:35
  Speaker 1: AI advisor side of things. One thing I wanted to
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  Speaker 1: kind of coming off that clip there is take a
• 5:40
  Speaker 1: look at where virtuals is in terms of trading volume
• 5:43
  Speaker 1: virtuals in the ecosystem. This, of course, you see it
• 5:45
  Speaker 1: right there, almost ten percent of Base tokens on sex
• 5:49
  Speaker 1: and DEXes, and then you can get up to thirty
• 5:52
  Speaker 1: percent of the X four h two volumes, which we've
• 5:54
  Speaker 1: talked about before. If you haven't watched that video, go
• 5:56
  Speaker 1: back and check out the X four h two video.
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  Speaker 1: Twenty two percent of unique users on xpro two all time,
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  Speaker 1: twenty six percent of market cap of all AI projects
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  Speaker 1: in crypto, and again, most of that liquidity has been
• 6:08
  Speaker 1: housed on Base, so they're taking up a large percentage
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  Speaker 1: of that. Maybe they're seeing that, and I'm saying they
• 6:14
  Speaker 1: mean Coinbase are seeing that to reroute the strategy on
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  Speaker 1: AI of how they're going about it. So a lot
• 6:21
  Speaker 1: of things in the pipe here for sure. All Right,
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  Speaker 1: this happened just a couple of weeks ago. This of course,
• 6:26
  Speaker 1: was totally talking about migrating Base apps to Solana. Otherwise
• 6:30
  Speaker 1: basically the alignment doesn't work. Then of course they made
• 6:34
  Speaker 1: the announcement that this is actually being happening are happening
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  Speaker 1: now for Coinbase. So take a look.
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  Speaker 2: You can now access millions of assets through decentralized exchange
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  Speaker 2: trading on Coinbase, including on Solana. We're launching equity perpetuals.
• 6:57
  Speaker 2: We're also launching a new token sales platform on Coinbase,
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  Speaker 2: enabling traders to get early access to the most popular
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  Speaker 2: projects in crypto before they launch. This is pretty cool, guys,
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  Speaker 2: Come on, all right.
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  Speaker 1: So you know, I think most people probably realize Solana
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  Speaker 1: and Coinbase have not been great bedfellows, and that's been
• 7:21
  Speaker 1: an issue that has been out there for a while.
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  Speaker 1: I mean, they do if you go look at the
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  Speaker 1: fees right now. Solana has never been really highlighted as
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  Speaker 1: a low cost chain. In fact, most of the time
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  Speaker 1: they're more expensive. You can kind of see they're in
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  Speaker 1: the comparison of some of the top chains. So it's
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  Speaker 1: not a community that has been embraced by Coinbase, and
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  Speaker 1: this is something I think hopefully will change over time.
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  Speaker 1: Let me go to a clip here because this is
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  Speaker 1: where they are launching other tokens on the Base app.
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  Speaker 1: Take a look. Jesse Pollock.
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  Speaker 3: I'm Jesse Pollack, the creator of Basse. The Base app
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  Speaker 3: experience has been invite only, and today we're announcing that
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  Speaker 3: the beta is over and the new Base app is
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  Speaker 3: officially available to everyone everywhere. And the early results they've
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  Speaker 3: blown us away.
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  Speaker 1: People are trading five times more with the new social feed.
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  Speaker 1: So when you look at what Jesse was talking about
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  Speaker 1: is that first Base has come out of the beta
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  Speaker 1: version of it. But at the same time, if you
• 8:20
  Speaker 1: look at the social aspect of the app, which was
• 8:23
  Speaker 1: really kind of its claim to fame, this is the
• 8:25
  Speaker 1: Zora network that runs it, and you can kind of
• 8:27
  Speaker 1: see the clip right there that, of course we saw
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  Speaker 1: back in April very high in uses, but we have
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  Speaker 1: not necessarily seen active users maintain over this last little
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  Speaker 1: bit of course, now holding less than twenty two thousand
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  Speaker 1: active users. So this is something that may grow, you know,
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  Speaker 1: in sense of maybe it took too long to get
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  Speaker 1: it rolled out for active users to really experience it.
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  Speaker 1: Maybe this will start to grow again. It's also timing
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  Speaker 1: within the market itself. I think there's been a lot
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  Speaker 1: of disinterest around just crypto just because of what we've
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  Speaker 1: seen in terms of price action. So a lot happening
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  Speaker 1: out there that could change for Base in general. All right,
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  Speaker 1: so what Pollock was talking about there, Obviously we're around
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  Speaker 1: the creator tokens that would be launched within the Base app.
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  Speaker 1: I don't necessarily think that is going to be a
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  Speaker 1: long term win for Base in general, and creator tokens
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  Speaker 1: may end up out there, but I don't know that
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  Speaker 1: they'll be in an isolated app like that. This is
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  Speaker 1: probably going to be something that is probably going to
• 9:20
  Speaker 1: go the direction of defive more so. The only one
• 9:23
  Speaker 1: that's really winning on there right now is Aerodrome. That's
• 9:26
  Speaker 1: mostly where the wins have been piling up for the
• 9:30
  Speaker 1: Base app, not necessarily in a lot of these smaller projects.
• 9:34
  Speaker 1: So something to keep an eye on there. There is
• 9:36
  Speaker 1: of course the Jesse token, and it's available, it's out
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  Speaker 1: there live and we'll watch. We'll see if this one
• 9:42
  Speaker 1: goes well or not, because this is one of the
• 9:45
  Speaker 1: kind of showcases of how this might play out for coinbase.
• 9:50
  Speaker 1: But right now, dex screener not proving very well on
• 9:54
  Speaker 1: Jesse right now, and of course, this is setting over
• 9:56
  Speaker 1: on the social feet of Zora. You can kind of
• 9:58
  Speaker 1: see the movement right there. One of the things I
• 10:00
  Speaker 1: want to hit on is a couple more clips here.
• 10:02
  Speaker 1: This one, of course, is Coinbase launching their business platform.
• 10:06
  Speaker 1: This one intrigued me when I first listened to it
• 10:09
  Speaker 1: see what they had to say.
• 10:11
  Speaker 5: We're announcing that you can now create your own custom
• 10:14
  Speaker 5: branded stable coin with Coinbase, backed by USDC, the ability
• 10:18
  Speaker 5: to embed your brand in every transaction, rewards on balances
• 10:22
  Speaker 5: with best in class economics, and a seamless issuance process
• 10:26
  Speaker 5: managed by Coinbase Coinbase tokenies. It combines issuance, custody, compliance,
• 10:32
  Speaker 5: and trading all in one place. If you're a company
• 10:35
  Speaker 5: or institution looking to tokenize your assets, get in touch
• 10:38
  Speaker 5: with us.
• 10:40
  Speaker 1: So that's our update increasing all right, So it's coming,
• 10:49
  Speaker 1: you know, is the basically the news there. But the
• 10:53
  Speaker 1: competitive landscape of this is a little bit heated right
• 10:56
  Speaker 1: now because Global Dollar Network is already kind of going
• 10:59
  Speaker 1: in this direction with a lot of pretty significant partners,
• 11:02
  Speaker 1: obviously Robinhood being one of them, Cracking Okay ex etc.
• 11:05
  Speaker 1: But these are the partners that are lined up, and
• 11:07
  Speaker 1: there's many more. I think they have like over one
• 11:09
  Speaker 1: hundred partners where you can do a custom stable coin
• 11:12
  Speaker 1: via the global dollar network. So that is going to
• 11:16
  Speaker 1: be a tough nut to crack. I think. Now, granted
• 11:19
  Speaker 1: Coinbase has the reach, they have distribution, they definitely have
• 11:23
  Speaker 1: the awareness factor that could win over some major fortune
• 11:27
  Speaker 1: five hundred companies or something like that. If they do,
• 11:30
  Speaker 1: then they might get underneath it in terms of a
• 11:33
  Speaker 1: press side of things where they're winning in this category,
• 11:36
  Speaker 1: but coming to market with these business services is going
• 11:39
  Speaker 1: to be critical going forward. Now Here was the reaction
• 11:44
  Speaker 1: by CNBC. Remember Coinbase is a publicer's rate of company
• 11:48
  Speaker 1: to this event, take a look first.
• 11:50
  Speaker 6: So I just sat down with CEO Brian Armstrong and
• 11:52
  Speaker 6: he insists this is not a copy paste of the
• 11:55
  Speaker 6: robin Hood playbook, but the space is getting crowded fast.
• 11:59
  Speaker 6: Calshi and Polleymarket are battling it out, and Robinhood just
• 12:02
  Speaker 6: jumped deeper into sports by adding NFL event contracts last night.
• 12:07
  Speaker 3: So you got Robinhood also getting into these prediction markets,
• 12:10
  Speaker 3: leaning in, as they would say, is this like the
• 12:14
  Speaker 3: next big battle ground for the retail trader.
• 12:17
  Speaker 6: Absolutely, Coinbase is looking at what Robinhood has proven out.
• 12:20
  Speaker 6: Over the past year, more than eleven billion event contracts traded,
• 12:24
  Speaker 6: its fastest growing products by revenue ever, and Robinhood's history
• 12:28
  Speaker 6: has stocked this at more than two hundred percent year today. Meanwhile,
• 12:31
  Speaker 6: Coinbase is in the red, down to a five percent
• 12:34
  Speaker 6: on the year.
• 12:35
  Speaker 1: Who do you guys think is going to win this?
• 12:36
  Speaker 1: Because this is a battle that is and has been
• 12:39
  Speaker 1: brewing from for some time. And another area that is
• 12:45
  Speaker 1: going to play into this is maybe how the business
• 12:48
  Speaker 1: side of it comes in, because no one's really cracked
• 12:50
  Speaker 1: the code on that. If you look at what Ripple
• 12:53
  Speaker 1: is doing on the business side of things, you can
• 12:56
  Speaker 1: kind of see obviously the connectivity that they've been able
• 12:59
  Speaker 1: to put together through acquisitions. This may end up being
• 13:03
  Speaker 1: something very unique because they've already started to go in
• 13:05
  Speaker 1: this direction with the adoption by Amina Bank. Now this
• 13:08
  Speaker 1: is the one of many to where literally the full
• 13:11
  Speaker 1: banking is now operating within a Ripple payment system. If
• 13:15
  Speaker 1: that starts to go into a model where any bank
• 13:19
  Speaker 1: could integrate into this, you could see a new payment
• 13:23
  Speaker 1: system coming to an app or even your bank model overall,
• 13:28
  Speaker 1: which would speed things up. This is the big problem
• 13:31
  Speaker 1: with banking right now. Especially on business banking that everybody
• 13:34
  Speaker 1: has dealt with. So this is and I think the
• 13:37
  Speaker 1: CNBO c host is right, the market is getting very crowded.
• 13:42
  Speaker 1: Now is it early enough for one of these to
• 13:45
  Speaker 1: take a pole position? Robinhood has fewer crypto assets and
• 13:50
  Speaker 1: has been trading stocks longer. Coinbase has more crypto assets
• 13:55
  Speaker 1: but is just now getting to trading stocks. So it's
• 13:58
  Speaker 1: really where is the market going to come from? Is
• 14:01
  Speaker 1: it more stock traders trading crypto or more crypto traders
• 14:04
  Speaker 1: trading stocks. That's what you're dealing with right now between
• 14:08
  Speaker 1: these two titans. And of course I think all this
• 14:11
  Speaker 1: really boils down to one thing, the experience that you
• 14:14
  Speaker 1: guys are going to get, the fees which are going
• 14:16
  Speaker 1: to become more important than ever, and delivering on what
• 14:21
  Speaker 1: you promise. I'm talking to you flat and that is
• 14:25
  Speaker 1: delivering on some of the things that we keep hearing
• 14:27
  Speaker 1: about robin Hood banking and of course the credit cards
• 14:29
  Speaker 1: everybody wants. So we'll see how all this plays out
• 14:32
  Speaker 1: in twenty twenty six. The battleground is set, and the
• 14:35
  Speaker 1: way that you can learn more about that is joining
• 14:37
  Speaker 1: our own private member group, the Baron Market Edge. Just
• 14:39
  Speaker 1: jump in with the link down below, follow me on
• 14:41
  Speaker 1: X at Paul Baron. We'll catch you next time, right
• 14:43
  Speaker 1: here on The Paul Baron Show.