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Analyst Notes: New Products Signal Coinbase's Strategic Shift
Key Insights
- Coinbase recently announced plans to expand Coinbase Pay, allow for native dapp support within the primary Coinbase platform, and to help build a new liquid staking protocol targeted at institutions.
- These announcements reflect a shift in Coinbase’s strategy to become an embedded service provider for the decentralized economy.
In the midst of negative backlash from a disappointing earnings report, Coinbase quietly released three product announcements aimed at connecting both retail and institutional users to the on-chain crypto economy. These moves signal a shift in Coinbase’s strategy away from existing fintech business models and towards new paths of monetization in the decentralized economy.
Coinbase Pay Available to Web3 Devs
Source: Coinbase
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Chase's interest in crypto lies at the intersection of economics, psychology, and social coordination.