Bitcoin and Financial Independence

81: Custodian Going Bankrupt? | What's Going On With Prime Trust and How Does It Affect Swan, Strike, River | Binance and Coinbase Sued by the SEC


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A deeper dive into the pros and cons of qualified custodians used by exchanges vs having your own infrastructure. A bankruptcy scare that led to speculation. Seems like Swan is doing just fine as it adds 85 jobs openings, triples the sales team and 15x's marketing spend.

A light touch on the Binance and Coinbase lawsuits as well.

Links from the show:

  • Strike Twitter Thread of Updates, including infrastructure
  • Strike Infrastructure Update Blog Post
  • Binance Lawsuit from SEC
  • Swan Signal on Binance/Qualified Custodians
  • SEC sues Coinbase over exchange and staking programs, stock drops 12%
  • SEC Sues Binance on 13 Charges
  • Cory Klippsten on Qualified Custodians
  • David Bailey's Original Twitter post on custodian going bankrupt
  • Scott Purcell of Fortress Trust talking about his former company Prime Trust
  • Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
  • Prime Trust
  • Fortress Trust
  • Bitgo
  • BTC Sessions YouTube Tutorials
  • Assessing Risk in Bitcoin Custody - Swan Blog

==============================

Check out getbitcoinfi.com for more blog posts and articles, and get involved in the community.

  • Strike - the Venmo of crypto. Buy, sell and send crypto with no fees. Use my link to get $5, no purchase necessary.
  • Cash App has low fees and Bitcoin only. Get $5 when you sign up with me link
  • River is the latest platform I’ve used to buy Bitcoin. You can learn more about it here.
  • Swan Bitcoin: Lower fees than Coinbase with a strong focus on education
  • Early Bird - The easiest way to invest for your kids future with your friends and family
  • Fountain is a way to listen to podcasts, earn Bitcoin and support your favorite content creators.
  • My Twitter
  • Tip Satoshi's to support the pod here

==============================

  • Note: Swan Bitcoin & Streitwise are my only affiliate relationship and I am a brand ambassador for Early Bird - the rest are mutually beneficial referral links.
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