This is the TradFi equivalent of a token sink | MikeIppolito_ on Binance Square

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This is the TradFi equivalent of a token sink

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Circle IPO underwriters rn

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Stablecoins are slowly convincing me that checking accounts are a scam

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I think you could buy a basket of high quality crypto exchanges (Coinbase, Binance, OKX, etc...) and do extremely well for yourself on a 10 year time horizon. Think it's a good trade that most people won't do because it seems too simple.

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Crypto exchanges have a real shot at becoming super apps like WeChat or Alipay. As more businesses move onto crypto rails, the lines between commerce, payments, trading, and social media will continue to blur. Crypto exchanges will be better set up to compete than incumbents because they won't be bogged down by tech debt and existing product baggage. Crypto exchanges can and will blur the line between savings and checking accounts by allowing users to hold funds in (sc Morpho vaults) and earning right up until they need to spend. They will put the brokerage app closer to social media and reduce the friction of payments by 100X, increasing the amount consumers will spend at online marketplaces. These exchanges already have BIG user numbers. Binance has ~250M accounts, Coinbase has ~100. Buying and holding a basket of these will generate an incredible outcome on a ten year time horizon.

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TIL that for the first week of June, DEXes did more volume than Binance. This is the real flippening.

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