Brian Armstrong, the CEO of one of the most popular crypto exchanges, Coinbase has revealed what he thinks the future of the company will hold. Armstrong goes onto say that he wishes the company to grow into something similar to the New York Stock Exchange but on more of a around the globe level.
At the TechCrunchDisrupt event which took place in San Francisco, Brian Armstrong shared his thoughts on what he sees in the future of Coinbase. Armstrong continuously mentioned the fact that Coinbase is currently the most popular exchange in the United States. Armstrong was determined to point out that Coinbase will become the best alternative investment financing for the upcoming years.
Armstrong went on to say:
“It makes sense that any company out there who has a cap table… should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralised organisations and apps, they’re all going to have their tokens. We want to be the bridge all over the world where people come, and they take fiat currency, and they can get it into these different cryptocurrencies.”
These plans suggest that Coinbase requires to increase its list of supported digital currencies. Currently, the main challenge for Armstrong’s plans is the regulatory situation of cryptocurrencies in the United States.
Despite the regulations, Coinbase is going to keep on evolving. The company has just acquired Keystone Capital in order to expand its reach in the blockchain based securities market.
Armstrong went on to say:
“We do feel a substantial subset of these tokens will be securities. Our approach has always been to be the most trusted and the easiest to use. So we want to be the legal compliant place where you can start to trade these tokens that are classified as securities. Web 1.0 was about publishing information, web 2.0 was about interaction, and 3.0 is going to be about value transfer on the internet because now the web has this native currency and so applications can be built that instantly tap into this global economy on the internet.”
Armstrong finished his talk by displaying his positive outlook for the future, not just for Coinbase but the whole Crypto ecosystem. Armstrong believes that it is possible that the number of people involved involved in the crypto-sphere may hit 1 billion in just five years!
Where do you think Coinbase is going? What could the future hold for the exchange?
