This is a good faith attempt to democratize access to knowledge and summarize much of my findings after spending 2+ years researching and meeting dozens of teams and investors at the edge of this fast-moving emerging industry. The following is a living document that summarizes my macro understanding and evolving thesis around cryptoassets and blockchain using visualizations, data, and strategic analysis intended as a research tool for entrepreneurs and investors alike.

The following post analyzes trends in the cryptocurrency market, reviews Coinbase’s competitive positioning / business model / risks / prospects, and provides recommendations for the company to capture additional value by leveraging concepts taught in Wharton’s Tech Strategy MBA course.

David Gogel chats with Arthur Hayes, CEO and Co-Founder of BitMEX, aka the Bitcoin Mercantile Exchange, a cryptocurrency-based derivatives exchange based in Hong Kong. They discuss Arthur’s background, the launch of BitMEX, Bitcoin, Ethereum, derivatives trading, exchange business models, regulation, security, initial coin offerings, and the future state of cryptocurrencies. BitMEX handles on average $100 million dollars per day in the total value of products traded. The company is wholly owned by HDR Global Trading Limited, a Republic of Seychelles incorporated entity.