Think of Robinhood and Coinbase as the new "app store for financial products." All roads lead back to brokerages. The opportunity for DeFi for the next few years is to build products for this store. Eventually, the CEXes get unbundled by the DEXes. Bundling, unbundling.
@mikeippolito_·Jul 15, 2026·2 sources·neutral
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The article argues that brokerages like Robinhood and Coinbase will become app stores for financial products, with DeFi building products for them before DEXes eventually unbundle CEXes.
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Think of Robinhood and Coinbase as the new "app store for financial products." All roads lead back to brokerages. The opportunity for DeFi for the next few years is to build products for this store. Eventually, the CEXes get unbundled by the DEXes. Bundling, unbundling.
@mikeippolito_
Jul 15, 2026
Think of Robinhood and Coinbase as the new "app store for financial products." All roads lead back to brokerages. The opportunity for DeFi for the next few years is to build products for this store. Eventually, the CEXes get unbundled by the DEXes. Bundling, unbundling.
@mikeippolito_
Jul 15, 2026