Coinbase CEO Talks About Cryptocurrency’s Future
Brian Armstrong, CEO of Coinbase talks about the future of cryptocurrency. The company has gone a long way since its launch in 2012. The company has raised more than $225 million. It has paved the way for cryptocurencies to enter the mainstream by providing a digital currency exchange.
Coinbase And Its CEO, Brian Armstrong
Armstrong worked as a developer at IBM and as consultant at Deloitte before joining Airbnb as a software engineer in2011. Armstrong focused on fraud prevention in Airbnb. It gave him the opportunity to learn about payment systems across the 190 countries Airbnb serves.
In 2012, he co-founded Coinbase. They gave cryptocurrency enthusiasts the opportunity to trade in the USD for bitcoins, and later, the cryptocurrency of their choice. The company now provides custody for more than $10 billion in digital assets. It serves over 20 million customers in 32 countries.
More About Coinbase
Coinbase was valued at $1.6 billion, following $100 million funding round in August 2017. The company unveiled an early-stage fund for cryptocurrency startups in April 2017. They then acquired Earn.com for $1oo million. As part of the acquisition, the company the company bought Balaji Srinivasan as its first CTO.
There are also reports that Coinbase approached the SEC to become a licensed brokerage firm and electronic trading venue. It would allow the company to expand beyond the four coins that trade on the platform now.
The company will be offering a new suite of services aimed at institutional investors, who are beginning to warm up on cryptocurrencies.
The Future Of Cryptocurrencies
In an interview, Coinbase CEO and co-founder Brian Armstrong discussed how Bitcoin and other cryptocurencies are becoming the next generation stockmarket. He discussed details which will allow traditional investors and institutions to buy and store cryptocurrencies securely.
It cannot be denied that today’s world is a world of modern technology. To be able to cope up and stay connected with the world today, we need to adapt and adjust.