The founder and CEO of investment firm Professional Capital Management says titans from different segments of the financial world are pushing to create the “everything exchange.”
In a new interview with CNBC, Anthony Pompliano says that the US-based crypto exchange Coinbase wants to offer services beyond digital assets.
“One of the things that’s really interesting is they’re going after this ‘everything exchange’. They basically want you to be able to buy public stocks, crypto, prediction markets, perps— everything on one exchange.”
He says the trading app giant Robinhood along with traditional exchanges and traditional finance players are also after the same thing.
“They’re all coming from different areas but ultimately they are all fighting for who is going to live at the center of artificial intelligence, crypto and ultimately these everything exchanges where people can trade whatever they want, whenever they want 24/7.”
But the entrepreneur and known Bitcoin (BTC) advocate says that Coinbase already has a big advantage because the firm originated from the crypto side and now has more than 100 million users.
“Many of these technologies are using crypto plumbing so having kind of a headstart in the crypto side is going to be a big advantage. But I would not discount the traditional players. These people have a lot of money. They’re very ambitious and they understand the regulatory apparatus.”
He says that in this battle for everything exchange, the ultimate winner will be the individual investors who will get lower prices, faster market access and better pricing on different opportunities.
“The key for public market investors is trying to figure out who’s going to get there first and who actually has the most durable business.”
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