Nick de Bontin 🫡🛡️

The entire point of crypto is to opt out of the banking system, not to negotiate away the best parts of this asset class and technology. Fuck the banks.

🎯🎯🎯

@SpecialSitsNews Yes let’s just hand the banks an anti competition bill on a silver platter instead. Great plan

People should stop stop using $COIN Coinbase. CEO is delusional is is against the Clarity Act. He is working against your interests. Retweet and share.

Clarity yield “deal” is a bad, anti consumer bank bailout. Banks rewarded for paying 0.4% on savings accounts. Will force stablecoin innovation offshore and stymie business models domestically. Bad for consumers bad for startups. Good for bank shareholders.

@DeeZe @InLuvWScience What are the current top on chain marketplaces in your view?

@InLuvWScience Imagine instead of taking -20% haircuts from purple haired vendors and eBay, you could list the card on chain and trade it with < 5% fees with instant delivery and no fear of counterfeiting What a world that would be

Some people in this industry just do not get economics and that's ok

Or just get 4% $BTC cash back on everything for your first $10k spend each month with Coinbase AMEX. No $700 annual fee. Don't need to read 10 pages of fine print, don't need to travel, don't need to Doordash 25x. simple is simple as

For the record. Jamie Dimon says he wants a “level playing field” for stablecoins. What he really wants is to make sure nobody can offer you a better deal on your own money than tradtional banks can. The president is right to call the banks out on this. We’ve seen this before. In the 1970s, money market funds started paying real yields while banks were locked under deposit caps. Banks cried “unfair” and “unsafe,” lobbied furiously, and lost. Policymakers chose competition over protection; savers got paid, and banks had to adapt instead of suffocating the threat. Today’s script is the same, just with better technology. Stablecoin issuers now operate under licensing, 1:1 high‑quality reserves, liquidity and risk rules, audits and strict AML standards. This is not the Wild West. Yet Dimon still talks as if they exist with “no reserves, no compliance, no oversight.” He’s not describing reality; he’s describing a story that justifies shutting down a rival funding system. The Clarity Act is the real battlefield. On paper, it’s about integrating crypto into U.S. market structure. In practice, the big banks are fighting to ensure that anything that looks like a deposit with yield must either become a bank product or be regulated into irrelevance. “Level playing field” in their vocabulary means: everyone wears the bank straitjacket, or no one plays. Why? Because yield‑bearing stablecoins blow up the quiet cartel behind record profits. Banks live on deposits that pay close to nothing even when risk‑free rates are high. They earn a clean spread and interest on balances parked at the Fed, while passing little of it through. Savers get crumbs; banks get the margin; inertia does the rest. A credible, regulated stablecoin that passes through money‑market yields detonates that racket: with a few clicks, your cash can leave the cartel. The president’s critique goes straight at this arrangement: Americans should “earn more money on their money,” and banks should not be allowed to undermine laws designed to make that possible or to stall a market‑structure bill so the whole “powerful Crypto Agenda” decamps overseas. He’s not attacking banking; he’s attacking a model that treats low‑yield deposits as an entitlement and regulation as a weapon. Crypto‑native firms, for all their flaws, behave like they live in a real market: they build new instruments, disclose, and pay up to attract capital. The banks build talking points and hire lobbyists. Stablecoins don’t just threaten their funding; they threaten their chokehold on payment rails and transaction data. Call this debate what it is: not a fight over “safety,” but a fight over whether a protected deposit cartel gets veto power over technologies that finally let savers earn something closer to the risk‑free rate. In the 1970s, policymakers chose competition. In the 1970s, banks were forced to stop hiding behind regulation and compete. If Jamie Dimon wants a level playing field, he should stop complaining and start doing the same.

@MoheethR Thank you for sharing. You've got this! 💪💙

3 months ago I got diagnosed w/ Stage IV Lymphoma. Cancer had spread in multiple organs. 34 yo otherwise in good health. Huge shock to my family and I. A moment of great fear and uncertainty. I work as a GPM at Coinbase. I cannot sufficiently express the kindness, grace and support the company has extended me during this time. Each exec took the time out to send me a gift, a hand written note, and to let me know that I had their support in whatever I needed to focus on treatment and healing. Returned to work yesterday after 2 months of grueling chemo. Good news: it's been effective in reducing the cancer. I still have ~3 months of treatment left which feels daunting but I have tremendous support from family, friends and colleagues. I am extremely grateful for my circumstances. Companies that look after their employees like this will always succeed in the long run b/c the people who work there will go above and beyond. Have never been more bullish on Coinbase and I'm blessed to work for leaders like @brian_armstrong @emiliemc Alesia, @maxbranzburg @scottshapiro . Am also super thankful to my direct team who held things down while I was out. Thank you so much to everyone.

Excited to welcome @liquifi_finance to Coinbase! If you're a builder and looking to partner get in touch! coinbase.com/blog/Coinbase-…

Yesterday, I asked CT to act as a fraud analyst on a challenging case. The results were clear: most thought we should request more info or block the transaction. Let’s go deeper: Quick reminder on the case context: - Experienced crypto user - Multiple flags e.g. recent 2FA fails, logins from 4+ countries - Requested biggest ever withdrawal from user’s account to a fresh wallet What did we do? due to the multiple flags, we put a hold on the transaction and requested more info about the transaction from the user. When we couldn't reach them for 90+ minutes, we declined the transaction and restricted the account to protect the user in case their account was compromised. Plot twist: The transaction was legitimate, and we ended up causing the user frustrating friction. Impact: - User had to go through account recovery process - Had to contact support to get account unlocked - Shared their frustrations on social media as soon as their transaction was held - Had to re-submit their transaction once account was unlocked - The entire process took multiple hours to resolve Our intention here was to protect the user from unauthorized account access and withdrawal. Objectively, this was a 'successful' fraud prevention, where we followed best practices (hold → investigate → block if unresponsive). But in this case, the process led to a result that rightfully frustrated a legitimate user. It’s my team’s job to minimize these hurdles as much as possible, constantly improve, and make the recovery experience way-better. Another challenge is the cost of being wrong goes both ways: - Fail to block fraud = user loses life savings, loses trust in crypto - Restrict a legitimate transaction = user loses trust, potential public backlash Crypto fraud prevention is notoriously hard (and it’s why some exchanges limit crypto sends), and we're always looking for ways to iterate and improve our protections. The reality is: - While perfect accuracy doesn't exist, we want to get much better - Every decision has trade-offs - Context is everything, but often missing with crypto sends compared to other payment rails - We have a varied and wide user base and need to expand from one size fits all models and approaches - Social escalations can give us extra perspectives on what users may experience I joined @coinbase to help balance these difficult trade-offs and to keep delivering the best possible experience to all of our customers. We’ve already decreased account restrictions by >80% and in the last few weeks we've made significant improvements in the fraud models responsible for such cases (~20% improvement). We've also made infrastructure improvements that allow us to continuously retrain several of our models, accelerating the speed at which we can iterate and improve. How do you think we could have handled this better? What would good friction look like to you? Also, if you find these challenges interesting, come and work on them! We’re hiring, @CoinbasePltfrm

New Yorkers, you have a duty to come out and vote against Zohran Mamdani in today’s Democratic Primary election. I’ve compiled a list of his policies below and highlighted why they will be disastrous for all of us and our children. Please read. Please vote. 1/ Rent freeze on rent-stabilized units This one is also absurd. 45% of NYC rental units are rent stabilized. Over the last 10 years, rents for rent stabilized units have gone up 15-18%. Want to guess how much rents have gone up for non stabilized units? 40-60%!!! They are already getting an absolutely incredible deal. How is it fair that half of New Yorkers need to subsidize the other half when it comes to rent costs? Are some lives more valuable than others? Do they add more to society? Freezing rents for those units will have a single, obvious outcome - landlords will abandon maintaining those units or just convert them while the rest of us will have to pay even higher rents. We’ve seen the same thing in SF and in Argentina - rent control fueled shortages and decay while removing rent control brings many properties on the market and lowers the average rent. 2/ Free city buses Public transportation is already incredibly cheap in NYC. Our fares only cover 35% of the total MTA budget - it’s not like anyone is getting rich off these fares. Mamdani’s free bus scheme is a budget-busting pipe dream that’ll gut NYC’s transit system. Without a funding plan, it mirrors Kansas City’s failed experiment, which slashed routes due to revenue losses. His reckless promise threatens service cuts and higher taxes, leaving commuters stranded. This isn’t progressive—it’s irresponsible. Mamdani’s clueless about balancing budgets, and his half-baked idea will derail public transit while fleecing taxpayers. 3/ City-owned grocery stores GROCERY STORES NET PROFIT IS 1.6%. Even if it were 0%, would New Yorkers save much? Obviously no. Who here has visited the DMV, Post Office, or other government-run service and said to themselves “I wish the food I put on the table for my children depended on the government.” I’m from Russia and we’ve tried every variation of government-run services. It is literally retarded to look at the picture when Boris Yeltsin went grocery shopping in Clear Lake and think to yourself “you know, I would really rather be the socialist rather than the capitalist.” It’s just going to result in empty shelves, horrible service, and insane cost overruns because no one will use them. 4/ Eliminating SHSAT and specialized high schools A free, high quality public education for smart and hardworking kids is the best path to get out of poverty and start living the American dream. I know because I’ve done it. Zohran, WHO HIMSELF ATTENDED A SPECIALIZED HIGH SCHOOL, now wants to eliminate programs for the gifted and talented. He wants to turn NYC into the next SF, causing parents to leave the city because there will be no place where they can get a good education. This policy honestly makes my blood boil - it’s so anti-human and unamerican. 5/ Defending "globalize the intifada" slogan There are 1.2m Jews living in NYC. That’s 8% of the world’s Jewish population, second only to Israel. There’s a really good chance either you or a close friend of yours is Jewish. My Jewish friends are already scared to send their kids to synagogue. Jewish events I go to send out the location a few hours before to not be targeted. Hate crimes against Jews are on the rise and his refusal to renounce and condemn the phrase “globalize the intifada,” which is a dog whistle that means to commit violence against Jews, makes him unelectable in our city. We must protect all citizens equally, not pick a different flavor of racism every time there's an overseas conflict. Zohran Mamdani is a child and a socialist He has never run any organization of any size. He has never managed a budget. He’s never operated a business. He has no relevant experience other than being in the state assembly for a few years in which he got nothing done. NYC has a $100bn budget per year with millions of people and businesses. Zohran has the most unworkable proposals that can only come from an idiot socialist. No one is shouting their support for Cuomo from the rooftops because he sucks. It’s sad that our election has to mirror national elections where all the choices are bad, but I beg you, don’t go down the SF route. Let Cuomo keep the city afloat rather than letting Zohran destroy it. Please vote.

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@vishalkgupta @truemarketsco @Accomplices @RRE Congrats @vishalkgupta ! 👏

Big day at @truemarketsco! We are announcing an $11M Series A led by @Accomplices and @RRE, bringing our total raise to $20M, and the official launch of the True Markets app. Now available on the Apple App Store. Check it out.

We are acquiring @DeribitOfficial to build the most powerful global crypto platform—bringing spot, futures, and options together under one roof.

This acquisition will make Coinbase the most comprehensive global platform for crypto derivatives, accelerate our int’l expansion, and add to our bottom line. @DeribitOfficial is the leader in crypto options – we’re pumped to welcome them to Coinbase!

Growth of Coinbase's $COIN "Subscription & Services Revenue" is...INSANE! (and I don't use CAPS or "insane" lightly). $45 million in 2020, $2.31 billion in 2024.

@sassal0x 2

Alright guys - we're in the final stretch of getting the 'Powered by Ethereum' branding finalized! Out of these 3 options, which do you like best?