Mark McLaughlin's questions to Coinbase Global Inc (COIN) leadership • Q3 2024
Question
Mark McLaughlin asked for more details on Coinbase's derivatives offering, specifically the next steps planned to increase adoption and scale the business in a highly competitive market.
Answer
CEO Brian Armstrong outlined several steps, including operationalizing its MiFID license to access over 20 EU countries, adding new asset types, and improving unified margin. He highlighted the onboarding of over 100,000 U.S. retail traders and emphasized that Coinbase's long-term advantage is its position as a trusted, compliant, and regulated counterparty.