On the bright side, Coinbase launched a lot of high-value new products during the last two years that will help the company thrive and grow in the coming years.
Coinswitch, a crypto-exchange in India is now pivoting to wealth management:
> We have seven new non-crypto products in our 2023 roster, which includes fixed deposits, ETFs [exchange-traded funds], mutual funds, stocks, bonds and U.S. equities.
> The goal is to be the one-stop wealth-tech destination for every Indian. As we diversify into other asset classes, there are different business models we are experimenting with to check which is the best for customers. There are multiple partnerships in place since we are launching such large-scale assets onto our platform. [Editor’s note: CoinSwitch declined to give the names of partners or detail on licenses obtained to sell non-crypto products.]
> We started off with a mission to make money equal for all. Crypto was the starting point for us but we will continue to innovate towards being a wealth tech platform. We see crypto as an investment class that is offered alongside other assets, to help users build a diversified portfolio.
Coinbase Pets: A custody management solution for storing and transferring pet ownership certificates on the blockchain.
Coinbase Recipies: Cooking recipes stores and exchanged on the blockchain.
Coinbase Ponzi: Turnkey service to create, launch and list your new tokens. Whitepaper generated through partnership with ChatGPT. A16Z investment guaranteed.
HN is full of genuinely delusional people who genuinely say these things. It's part of the reason jokes go so poorly here is that some sane people who read them have read identical statements from serious people so it's never clear when something is a joke.
or, someone spending a few seconds skimming comments while doing something else, and adding a question, without spending enough attention to even comprehend that it might have been satire
What would be an example of a new product that will help the company thrive?