Sid Coelho-Prabhu | sidcoin.eth 🛡️

If you run a business and you're looking for 10x smarter, faster, cheaper global payments, here's what we're building for you 👇

If you need a timeline cleanse from iran, vanity fair, and introspection, the Afroman trial is the best thing happening this year

stablecoin supply continues to climb even when broader crypto markets pull back in case it isn't obvious, we're all in on driving stablecoin growth @coinbase - coinbase is the distribution engine driving USDC growth, with record balances across Coinbase products (+$17.8B as of end of Q4) - we've developed a vertically integrated stack for stablecoins across issuance, Base L2 (settlement layer), consumer and agentic wallets, and our user-facing products (Coinbase, Prime, Coinbase Business) - coinbase is a platform that supports many stablecoins and serves as a primary liquidity venue and custodian -- well positioned as we see more stablecoins emerge and continued growth in overall supply

@initjean "objects that struck the data center" is honestly the wildest corporate euphemism for a missile strike I've ever seen

Was very impressed with @MattMahanSJ today. From what I heard, I believe that he will take a truly pragmatic approach to fixing our key issues in CA (housing, safety, homelessness, govt waste, education). His efficacy in San Jose proved he can get things done with clear goal setting and accountability. If you’re not familiar, he’s worth checking out.

Fired up to be entering a new space where we can make such a difference. Starting today, all eligible U.S. users can buy stocks on Coinbase from as little as $1.

hot take: 60% of PM work can be automated right now and the PMs who can't adapt will be outdated in 2 years what's already automatable: PRD writing: - brain dump → structured PRD - includes edge cases humans forget - consistent format - 30 min → 8 min meeting notes: - transcript → action items - better at capturing who said what - doesn't forget shit - 45 min → 5 min user research synthesis: - 20 interviews → top patterns - includes actual quotes - frequency analysis - 4 hours → 15 min competitive analysis: - scrape competitors → feature comparison - finds gaps you miss - weekly updates automated - 3 hours → 20 min roadmap prioritization: - feature list → impact/effort scores - explains reasoning - consistent framework - 2 hours → 25 min what's NOT automatable: - vision - strategy - stakeholder management - making final decisions the math: 25 hours/week → 10 hours/week on execution leaving 15 hours for actual thinking my PM friends get defensive about this "but AI doesn't understand context" neither do half the PMs i've worked with adapt or die this isn't a threat, it's a timeline

@BobbyThakkar Love this push! In the age of vibe coding I'd probably run this more as an optional "10 percent" program for any one at the company to ship fun crypto side projects in their spare time (LLM tokens covered by cb), rather than a standalone dedicated lab.

Let me clarify here Coinbase/Base should have a Labs division. I proposed having labs and even tried a few experiments like building a fully on chain game with Atari and payments at movie theaters to pay with USDC and to launch composable marketplaces to compete with Shopify, but I was solo, had no support (other than @chintanturakhia. At the end of the day it was my fault, I joined in via the wrong org, didn’t build leverage over years and ignored the corporate structure. My bad in hindsight. But Coinbase, you’re one do the few companies that has the most to gain from this. Cryptos reputation is on the line and it’s only gotten worse from the NFT era and you keep launching things too slow or building in the wrong direction. The fact that there wasn’t a way in Coinbase to INVOICE a business until last year (thanks @sid) is insane. Global payments was one of the first value props of crypto, and thus would take 1 engineer a day to build (+ 2 weeks w cb bs) If you start a labs, please build and launch the following and staff the team with 30 designers, eng, and “real” GTM people. Here’s some easy ideas - payroll platform - Img/ vid onchaun verification - POS - basic store/merchant infra - keyless api infra - a savings app And honestly they don’t need to be boring either, at some point Coinbase was the go to for any top brand to do “a crypto” thing but instead we just told them to drop an nft and we called it onchain summer, you could do fun things like Like a yield-bearing hat w/ adidas Rollarcoaster Tycoon with NFTs Stablecoin payments w/ replit Verified images with Sony Or activate every bodega w payments Drop sneakers in stockX Fee-less ATM or $ EXC at the airport NFT’s on Twitch Verified runs with Strava List goes on…. All is too say, people are “getting” the use of blockchains, and I think some effort around showing people, or more like forcing it into people hands to see that the use case goes past racist memes and bullshit. I have more thoughts but I’ll end here since most of the rest is prob under NDA. Don’t think anyone will care but if someone at coinbase does, pls try to make this happen, or if you want to work on ideas like this, DM me, it’s all we do at @propagandaisnow with brands like Solana, Kraken, and 30 other co’s.

@clairevo @Kazanjy You're not 💀

@Kazanjy Tell me I’m wrong

Great example of how AI is reducing time (and team size) to ship new features at Coinbase Cycle time will reduce further to days as we lean in more here

Smaller teams are prompting higher quality products into production in days & weeks at Coinbase, instead of the months+ it used to take. It's all about the context. And this was all done prior to 4.6 & 5.3 models. You cannot be AI pilled enough right now. 100x everything. coinbase.com/blog/ai-across…

“Why is Coinbase always misunderstood or under-appreciated by Wall Street?” - I got asked this today in our AMA with analysts, and it’s an interesting question. Sharing my answer here. I do think Coinbase is a bit of a misunderstood company. It’s a classic innovator's dilemma. On the one hand, the smartest traditional finance firms are all leaning in and embracing crypto. 5 of the GSIB banks are starting to work with Coinbase. Many of the largest financial institutions are actually hiring crypto people (check LinkedIn). As regulatory clarity is emerging, we're seeing ~50% of the big financial institutions really leaning in and embracing it. On the other hand, the other half are lagging and still resisting it. I think some of these people are just inherently skeptical of crypto because of incentives - their whole careers have been built in the traditional financial system. They’re skeptical because it feels like a threat; it's human nature. You don’t go to the cab companies and ask them what they think about Uber. You don’t go to the horse and buggy makers and ask them what they think about the automobile. The biggest disruptive innovations in the world have all followed this pattern. You can look at Uber, Airbnb, self-driving cars, AI adoption, even SpaceX versus NASA. Crypto is directly disrupting Wall Street, so it makes sense that some on Wall Street would misunderstand crypto/Coinbase. The smartest ones are going to embrace it. The laggards are going to be left behind. Coinbase and crypto have never been in a stronger position. We've been putting up great numbers the last 3 years, doing what we said we would do. We've diversified our revenue streams. Regulatory clarity is emerging. More and more financial institutions, governments and retail investors are jumping in. The financial system is going through this massive transformation, and there is really no company in the world that is better positioned to help make that a reality and capitalize on it than Coinbase. Investors must be early and right to generate alpha, and Coinbase is still underestimated. It's not yet a consensus view amongst traditional analysts. I suggest looking at what a company says they're going to do (and their track record of meeting it), not whether some analyst's model said they beat or miss. Also our GAAP Net Income includes unrealized gain/losses on crypto we hold, so it's useful to look at Adj. Net Income as well (spoiler: we were profitable last quarter, even in a down market - many headlines got this wrong). Some highlights from our recent Q4 + FY earnings for more context on Coinbase’s current position: - Total trading volume grew 156% Y/Y and our crypto trading market share doubled in 2025 - Assets on Coinbase increased 3x over the last 3 years - We now have 12 products generating >$100M of revenue on an annualized basis - New all time highs in USDC and Coinbase One Thanks for the question, @CoinbaseDuck!

The @ABAJournal argues stablecoins are "too risky" because Treasury markets might freeze during stress. It's a revealing piece. The @ABABankers seem to make clear that their objection is not to stablecoin rewards, but to @POTUS’s bipartisan GENIUS Act itself. And they inadvertently make the case for why Treasury markets should be tokenized—not why stablecoins should be banned.

It's always the product's fault. Everything in your company exists because the product is not good enough: - If you need 10 minutes to explain it, it's a UI problem. - If you need 10 sales calls, it's a value-prop problem. - If you need a customer support team, it's a UX problem. The ideal product would not need anything around it. All business departments are patches for deficiencies: - Ops are required when customers fail to get the value out of the product. - A help center is needed when the interface fails to be self-explanatory. - An onboarding process when value is not delivered automatically. Nothing will save you from having a bad product. Even if you're a great salesperson and manage to sell it over and over again, you'll experience churn. And it's customer retention that makes a business sustainable. Why would someone eat at a restaurant whose food they hated the first time? A company dies when it runs out of cash. That’s the last stop. Getting there means your business failed to do what a business is intended to do. Earning a profit is proof of service; proof that you are solving a problem for customers in the best way offered. And if you're not ultimately making a profit, it means the product is not good enough.

Coinbase just posted one of their most important earnings reports to date, and most people completely failed to see the bigger story at play. They're all focused on the headline miss: - Revenue down 22%. - Consumer transaction revenue down 45%. - A $2.49 loss per share when analysts expected $1 profit. Looks terrible, right? Here's the (bullish) reality everyone seems to want to ignore: @Coinbase isn't the same company it was in 2021. They now have 12 (twelve!) different products generating over $100M annually. Meaning they're not a crypto exchange anymore, they're a financial infrastructure company. Trading volume hit $5.2T for the year. Up 156% year over year. Market share doubled to 6.4%. Their subscription and services revenue reached $2.8B (that's 5.5x higher than the peak of the last bull cycle, btw). Almost 1M people now pay for Coinbase One subscriptions (tripled in three years). They acquired Deribit and became the global leader in crypto derivatives by open interest and options volume. They launched prediction markets. They launched equities trading. They're handling crypto custody for over 150 government agencies. The Q4 "miss" happened because consumer transaction revenue dropped. Translation: retail wasn't aping into memecoins as hard in Q4. That's supposed to be bearish? The entire thesis against Coinbase has always been that they're too dependent on retail speculation during bull markets. This earnings report shows they've been systematically fixing that problem. Stablecoin revenue spiked 61%. Average USDC held on platform hit an all time high of $17.8B. They're building toll roads, not casinos. When the next wave of institutional adoption hits, they're the incumbent. When the next retail mania arrives, they'll capture it too. But now they don't need either to survive. This is what transformation looks like. One quarter's miss during a downturn doesn't change the trajectory. The "Everything Exchange" thesis is playing out.

Coinbase has 12 products that generate more than $100M on an annualized basis.

With all due respect to Hasseeb, I completely disagree with this take. Chris was and is a mentor to me, I'm not pretending otherwise. But neither Chris nor Haseeb are builders in the category. I have spent the last year in the trenches trying to build non-speculative consumer crypto usecases. Ignore "non-financial". That's a useless umbrella. I care about non-speculative. Here's what I know with total clarity: Three years ago it was 100% impossible to ship a good consumer crypto experience. Not hard. Not early. Impossible. The wallet experience was complete and utter dogshit. Injected wallets are an unacceptable UX. Seed phrases, unacceptable. Blind signing, unacceptable. Bridging, unacceptable. Here's your onboarding experience for a consumer media flow: 1. Install a fox-faced browser extension 2. Write down a 24 word seed phrase and hide it under your fridge (btw now some romanian dude's gonna break int your house) 3. Select a chain if god willing you understand what that means 4. Go find a bridge (Wormhole, LayerZero, ...) if you guessed wrong 5. Sign hexadecimal strings with very scary error messages 6. "Transaction pending... would you like to increase your gas price" (wtf is gas? they'll say) Thats is before you even fund the thing. But I'm not done, on ramps were even worse. If you wanted to use some "web3 media" app, you had to open an exchange account. The UI looked like DraftKings for slop-maxxed decentralization jargon. Spin the wheel to get decentralized compute coin on Arbitrum or turbo DNS coin on Polkadot! Last cycle nonsense. Before you buy anything you need to go through a rigorous KYC process. SSN, address, Drivers License verification, transfer to your mobile device, liveness check on your face, transfer back, "a human in a remote country will check this asynchronously and we'll get back to you". Now we sign into Plaid, put our bank credentials into some random form on this new DraftKing exchange, now they can auto-draw down money. Perfect. Now god willing you've found UDSC and bought it on the right chain. You're ready to transfer out. You paste in your 40-character Hex address to the fox-head app. That'll be 24-48 hours before it arrives due to ACH fraud risk. Aaaand now you can use the web3 media app. And KYB on ramps for enterprises? Rectal inspection. I need not go deeper. Consumer apps are viral flywheels. If there's too much friction on the axle, the flywheel never spins. Crypto had superglue on the flywheel. So when we say "the market rejected consumer crypto," we should ask a basic question. Did we ever actually ship it in a form that normal people could evaluate. Finance worked because the users were willing to tolerate absurd friction. Traders will jump through flaming hoops when their perceived EV is +infinite (because they're a genius and have alpha or astrology signals or whatever). Media and other consumer activities do not get that tolerance budget. Now enough with the pessimism of the past. Let's fast forward to today (or next 3 mo). - Embedded wallets are real - OAuth style onboarding is real - Headless custody is real - In app onramps are real - Stablecoin onramps are real (this is a distinct thing and is critically important and I don't have time to explain in this post) - KYB capable providers are emerging Privy. Bridge. Stripe. Zerohash. Coinbases' new stack. This stuff is recent. Widely usable versions are maybe two years old. Broad developer adoption is even newer. For the first time you can do something like: - Sign in with email - Wallet created under the hood - Buy stablecoins inside the app - Transact instantly No exchange account, no raffle spinny wheels for decentralized slop, no fox icon, no seed phrase under your fridge. That stack did not exist in a usable form when most of the "consumer experiments" were run. After teh blood sweat and tears out of the L1 engineers, L2 engineers, the cryptographers, the wallet teams, the exchange teams, the compliance teams, and the onramp providers, we are finally getting something that resembles a sane consumer stack. We are just getting the grease. That does not mean consumer crypto is inevitable. It does mean we are only now in a position to run the experiment honestly. It's the best time to build in crypto, in the history of crypto. If it fails from here, with real UX and real onboarding and real distribution, then fine. I'll eat my shoe. Call it dead.

@0xAneri @coinbase @base 🫡 💙 oh the adventures we've had.. end of an era! Can't wait to see what you build next...

After nearly 4 years, I've decided to move on from @coinbase and @base to explore something new. This was one of the hardest decisions I've ever made. I had the privilege of working with the most talented team I've ever been part of. People who genuinely care, play positive sum, and believe in our mission. If anyone ever has the chance to work with them, I'd recommend it in a heartbeat. I got to launch @base with Onchain Summer, travel the world from Kenya to Thailand to India to grow our builder and creator communities, and ship @baseapp from scratch, 0 to 1 work that meant wearing every hat needed for success from product to marketing to devrel to QA, and running through walls for bets I believed in. Through this I became a sharper builder and a better leader, and I'm SO insanely grateful for this chapter. Thank you to the incredible leaders I was lucky to work with including @jessepollak, @_johngranata, @chintanturakhia, @brian_armstrong, @maxbranzburg, @sid_coelho, and so many amazing teammates. Rooting for the team and Base builders and creators forever.💙

@rampage4551 @brian_armstrong @ycombinator Are you still waiting? Would love to get this expedited for you.

@brian_armstrong @ycombinator Bro the onboarding takes 2 and half months. The company will go bankrupt until it is able to receive the money

Powerful - every @ycombinator company should set up a Coinbase Business account to receive it (link in follow on post)

@SeanRock @futurenomics @brian_armstrong @ycombinator Please let me know once you apply, happy to get your app reviewed faster. We've seen a lot of interest so application processing times have gone up.

@futurenomics @brian_armstrong @ycombinator shit i thought it was just me, is it even worth it at this point?

@kentmakishima @futurenomics @brian_armstrong @ycombinator Are you applying to @CoinbaseBiz ? Happy to try to expedite if you DM me.

@futurenomics @brian_armstrong @ycombinator im still in cb account limbo