Photo via americanbanker.com
Seven of the largest banks in the world have now onboarded to Coinbase infrastructure, Brett Tejpaul, Co-CEO of Coinbase Institutional, told Scott Melker on The Wolf Of All Streets.
Many in crypto read the Coinbase Premium's negative reading through October as a sign that US institutions have stopped buying. Brett dismissed that and pointed to banks instead, which he said are now building on the same technology they once fought.
"Seven of the largest banks in the world have now onboarded and are going to use Coinbase infrastructure." — Brett Tejpaul
Brett spent about 30 years in banking and finance before Coinbase, and he now sells Coinbase's technology to the banks he once worked alongside.
The full interview is covered here so you can skip it. 50 minutes of audio, 10 minutes of reading.
Here are the 10 insights that matter.
The Wolf Of All Streets · Oct 28, 2026 · 50m · 40m saved
With Brett Tejpaul, Co-CEO of Coinbase Institutional
Key Takeaways
Seven of the world's largest banks have onboarded to Coinbase infrastructure
Citi's virtual account lets clients swap cash into USDC and send it across its UAE and UK entities
A bank CEO told Brett that 26 RFIs and 3,500 questions were partly a distraction while the bank prepared to disrupt its own payments business
The failure of the Clarity Act bought banks no time, because the SEC and CFTC laid out a tokenization path within 48 hours
Bitcoin treasury companies collapsed when Bitcoin yield fell from 5% to 1–3%, leaving them with no operating income
Brett's new client pairs income-producing UAE real estate with Bitcoin instead
Coinbase already tokenizes JPMorgan deposits that move on the Base network
Coinbase sells its infrastructure to banks without requiring USDC, including for bank-branded stablecoins
Ripple's RLUSD stablecoin is coming to Coinbase, which Brett disclosed on air
1. The Premium Is Non-News
Scott opened on the Coinbase Premium, the gap between Bitcoin's price on Coinbase and on offshore exchanges, which ran negative through October. Many traders read a negative premium as weak US and institutional demand.
Brett puts the negative Coinbase Premium on his list of things to ignore
"That goes into my giant non-news category." — Brett Tejpaul
What matters more to Brett is where the buying and selling actually come from, and how much of it is retail against institutional money.
