Comments 12
Give it a month and watch Coinbase quietly walk it back.
Coinbase doesn't back something publicly like this just to walk it away, they know the regulatory heat they're under and wouldn't hand ammo to critics by reversing course on a product they put their name on.
Coinbase copying someone else's product and calling it validation is a pretty standard move, the guy should probably be nervous, not flattered.
Daily structure on COIN has been holding up though, so maybe Hayes knows something about timing this better than it looks on the surface.
perps on us stocks?? the volatility on those gonna be absolutely disgusting i'm so in
Coinbase just handed the OI watchers a whole new playground to stalk, and I'm already annoyed at how messy those liquidation cascades are going to be when the first earnings surprise hits.
Hayes built the whole perp model, so yeah, flattery makes sense. But I'm more curious what the funding rates look like when Coinbase brings in a ton of retail flow, that's usually when the yield side gets interesting or gets totally wrecked.
Position limits before the first print drops.
Whole lot of noise for a weekly candle that hasn't moved.
Cool story, check back when the liquidity actually shows up.
Liquidity showing up is exactly when I don't want to buy it though.
Liquidity is what gives you clean levels to read, thin markets hide the real rejection zones, so you're basically trading blind without it. Miss me with that contrarian timing flex.