Coinbase Global Inc at FIA International Futures Industry Conference Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : <_ALACRA_META_ABSTRACT>So first of all, thank you very much Alesia. Thank you for doing this fireside chat with us. Maybe let's start off with a more interesting question, which is the crypto summit in Washington last week. So we saw that there are lots of development in the White House, in the new administration. We had the first-ever White House crypto summit last Friday. To kick things off, could you please give us a better sense for the conversation around crypto in the White House these days?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : So let's dive a little bit on the legislation part. So what is the outlook for this year for these two bills?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Right. Hopefully this year.

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : There's a good possibility for this year.

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Let's hope for that.

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : So you get the tailwind from White House. You get the tailwind from the Congress so far. How about with the regulators, which is the third pillar? Recently, you just got a huge win against the SEC. Could you please talk about your conversation with the SEC and also the CFTC?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Got it. So we cover lots of landscape in the US. How about international? Crypto, it's a global phenomenon. It's international. Could you please talk about the evolution of the regulation or regulatory framework outside the US?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : So India, Europe, Argentina, those are key markets.

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Got it. So we talked a lot about the regulations already. I know you are more excited about product development. But before that, I got lots of questions from investors about competition, right, given that we may have or we are having more regulatory clarity. I think the consensus here is more and more players, even classified companies, will come to this space. How do you think about that, and how do you think about a competitive landscape to evolve over time?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Not worried about that.

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Welcome, okay. Welcome. And then another interesting kind of conversation I had with investors about what other innovation you can have for this technology. When you look at your product roadmap, your business strategy, what are the implications when you have more clear rules? I think, in particular, what products or opportunities do you think you can move into more aggressively?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : So the first one, let's dive into derivatives. Let's talk more about that. I think crypto derivatives account for the majority of the digital asset trading globally, but not much happening in the US. How is Coinbase looking to capture more of these volume and opportunities?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Got it. Maybe my final question is the on-chain future, right? I think you talk about how to make these online transactions to on-chain. Maybe the on-chain is the new online, that kind of movement. How do you think about what's next for these blockchain technology? I mean, right now we have to dream big and think about the use cases and stuff like that. I guess the question is, how do you think about the future of this technology?

Question: Owen Lau - Oppenheimer & Co., Inc. - Analyst : Very excited about the technology. All right, I think we should give a round of applause to Coinbase CFO Alesia Haas.