Coinbase CEO Armstrong Envisions Moving Beyond Trading

Brian Armstrong, who heads major US cryptocurrency exchange and wallet provider Coinbase, envisions that the company will be a driver of crypto adoption by providing a multitude of crypto related services and not just an entity providing cryptocurrency trading platform.

While presenting a vision of the company for the upcoming five years, Armstrong sees Coinbase as a firm that will assist in developing the crypto economy across the world by bring people together in the crypto market and widen crypto community to assist people utilize cryptocurrencies for a variety of purposes.

Armstrong also pointed to some of the latest developments such as Coinbase Earn, which is reward based crypto educational program, and works related to soon offer crypto lending and margin trading facility on Coinbase.

Armstrong elaborated as follows:

“In five years I hope that we’ll have it even further beyond that. There’ll be thousands of companies that’ll be crypto-first.”

Furthermore, Armstrong also backed former Coinbase employees who ventured on their own to start a crypto related venture. The CEO also recalled that ten former employees of Coinbase have successfully kick-started their own ventures.

In fact, Armstrong is quite pleased that these employees have learnt from Coinbase and fuel adoption through their ventures. He said “We‘re just gonna keep doing more and more of that.”

Coinbase, according to Armstrong, is a multi-product company. He also opined that the recent negative tweet made by the US President Donald Trump about Bitcoin (BTC) is another milestone for the cryptocurrency sector. He further stated that cryptocurrency industry is not dependent on global powers and Bitcoin, or for that matter the cryptocurrency industry, cannot be shut down.