Coinbase has also launched US stock trading, further blurring the lines between old and new in crypto finance. While Robinhood continues to encroach on the crypto market, Coinbase is now turning the tables and making inroads into the stock market. This US stock listing, initially appearing in the Asian derivatives market, was accompanied by an unprecedented trading event: coinbase.com/derivatives-tradi...…, with a 3.5% APY for USDC margin trading.

The convergence of crypto and traditional markets will ultimately lead to full asset trading. Crypto wins with its products, while traditional markets win with its distribution channels. I bet crypto will win in the end.