Coinbase Opens for Big Business! (Bitcoin Moon!)
Coin Base opens for big business this week! They created four new apps that allow institutional investors more opportunities! The Altcoin of the week is Z cash revisited! It is hot this week, and we explain liquidity and fungibility!
Devin: Hey everybody! Welcome to BITCOIN ARCADE! My name is Devin!
Johnny: I’m Johnny!
Devin: This week we talk about Coinbase and its announcement of 4 new services and stick around at the end to learn about our ALT-COIN of the week: Z-CASH!
BreaK
Johnny: At the time of filming bitcoin is being traded around $8500.
Coinbase is making the headlines again with the announcement of 4 new services aimed at institutional investors. Now, for those of you not familiar with the term: institutional investors are people or organizations that manage assets or money for somebody that’s way too rich. Usually, these organizations have a ton of money and can really sway relatively small markets like crypto to the moon!
Devin: like Tom Hanks in Apollo 13!
(Cut to clip)
Devin: What could go the wrong Johnny?
Johnny: One of the services offered is called Coinbase CUSTODY which claims is the most secure cryptocurrency storage solution on the market today. Which to me Devin, sounds like a challenge for hackers to try and crack!
Cut to clip of some heist movie with a safe or hackers
Johnny: The 2nd service announced is called Coinbase MARKETS which aims to add more liquidity for all of Coinbase’s products. “Liquidity” for those of you at home not familiar with the term describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price. Coinbase MARKETS looks to achieve its goals by upgrading the existing infrastructure and expanding and opening a new office in Chicago.
Devin: Looks like Coinbase is really ramping up their business! The next service announced is aptly named Coinbase PRIME. This service is a new platform to specifically provide tools and services to institutional investors looking to trade cryptocurrency. This new service will help bring in institutions with big money looking to get into a new market. Hopefully Optimus Prime and his Autobots are helping the team behind this new service! (quick clip of transformers)
Johnny: The last service announced named the Coinbase Institutional Coverage Group is focused on serving the needs of institutional clients by providing sales, sales trading, research, market operations and client services support. Devin, it really sounds like this service is for rich people that don’t know jack shit about crypto!
Devin: Dinosaurs are dumb Johnny and they do have a T rex sized amount of money! (Newman stupid dinosaurs) Next up altcoin of the week!