কয়বেইজ শুধু ক্রিপ্টো এক্সচেঞ্জ নয়

The Real Business Isn’t Trading — It’s Trust

কয়বেইজকে শুধু ‘ক্রিপ্টো’ exchange-এর ମতোইভাবেইভাবে দেখা— Binance, Kraken-এর ମত।

কিন্তু, reality: it’s not trading fees—it’s regulatory trust.

Coinbase is the only U.S.-listed crypto exchange. SEC registration, state money transmitter license, cold storage audit—এগুলি are infrastructure, not marketing.

The Water Seller Myth

আমাদের ‘ওয়াটার seller’ বলা—BTC/ETH access sell-এর ଜন্য।

But water doesn’t grow alone—you need pipes and reservoirs.

Coinbase didn’t become valuable by listing coins—it became valuable by becoming the plumbing behind USDC.

Subscription Over Spreads

2025 Q1-ত retail fee 57%→38%↓; subscription income (custody + staking) rise. Institutional investors care about custody guarantees—not taker/maker spreads. Staking? Fragile long-term. ETH at 4% saturated. But custody? Scalable forever—if you’re the most trusted vault in crypto.

The USDC Monopoly Is Real (and Fragile)

Circle 2014-ত USDC issue-এর ସঙ্‌গে co-founded। Today: control half of settlement flows—but own zero equity. Partnership? Not here—tension. Cross-chain bridges? BlackRock or JPM stablecoin issue karele… moat narrows.

The Real Edge: Compliance as Scale

Regulatory approval is not a barrier—it’s a moat. Robinhood BTC list kore… but compliance stack replicate korte parbe na! We’re not selling water—we’re maintaining the aquifer.