Coinbase's Martin Sees Rising Demand for Crypto

00:00 Speaker A

What kind of demand are you looking at right now?

00:02 Liz

Um, you know, we continue to see huge demand in crypto and tokenization across our institutional and retail customers around the world.

00:13 Speaker A

Uh, what's driving that?

00:15 Liz

Um, you know, I think people you have more and more people who are looking to get involved, uh, with the the transparency that we've seen through increased regulation. We're seeing institutions more excited to actually put money to the table. It used to be, do I want to be in crypto? And now it's like, which product do I use and how do I get bigger?

00:36 Speaker A

And this just this morning, you made an announcement, Coinbase has completed its integration of Deribit, something you acquired for about $2.9 billion. Talk to us about the significance of that. What's the big bet here?

00:53 Liz

So, we're super excited about completing the integration of Deribit. It's the world's largest uh crypto options exchange. And with that and a big tech upgrade, we've created Coinbase Global Exchange, which is the first and only crypto exchange around the world that has a unified global liquidity pool. We've been able to bring US customers, international customers into one place. Um, and no one else can really do that.