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In a significant development, seven of the world’s largest banks are now leveraging Coinbase infrastructure. Brett Tejpaul, the Co-CEO of Coinbase Institutional, refers to this shift as a “Kodak moment.” In a discussion with Grace Remington and Sean Hagan, Tejpaul elucidates the transition from Bitcoin ETFs to stablecoin payments, emphasizing the efficiency with which funds can now be transferred from a Citi account to USDC, over the blockchain, and into a corporate account within seconds. He offers an honest assessment of Bitcoin, noting that while the macroeconomic conditions are favorable, the asset’s performance has been underwhelming. Institutions are currently treating Bitcoin predominantly as a technology trade, rather than as a traditional investment vehicle.
Chapters:
0:00 Seven of the World’s Largest Banks Are Utilizing Coinbase Infrastructure
1:19 Transitioning from ETFs to Payments: Citi, USDC, and Instant Bank-to-Blockchain Transfers
2:44 $400 Million an Hour in Stablecoins and the Banks’ “Kodak Moment”
4:38 Stablecoins: A “Speck of Dust”—Payment Providers First, Followed by Banks
6:10 Agentic Commerce Emerging Concurrently with Major Players
6:49 Is Bitcoin Still Viewed as a Leveraged Technology Trade? “Disappointing” Performance Amidst Strong Fundamentals
8:44 Connecting U.S. Funds to Deribit’s 85% Options Market Share
11:06 The Second Wave: New Participants and Coinbase’s “Amazon to AWS” Transition
12:57 Activating the Entire U.S. Through Coinbase Infrastructure
13:56 Quantum Capabilities, 90% ETF Custody Share, and “Safe Forever”
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
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