
Dismissal of Coinbase Class Action Suit Puts Allegations of ’79 Unregistered Securities’ to Bed
Coinbase recently saw a dismissal of a class action suit brought against it by three aggrieved customers early last year.
Brian Armstrong is the CEO and Co-founder of Coinbase, the world’s leading digital currency exchange.
Brian Armstrong is the CEO and Co-founder of Coinbase, the world’s leading digital currency exchange. As CEO, Mr. Armstrong is responsible for Coinbase’s retail and institutional arms and all products and services that are developed by both trading platforms. Mr. Armstrong co-founded Coinbase in June 2012, and since then, has been responsible for introducing much of America and beyond to cryptocurrency. Mr. Armstrong has led the team, now at over 200 employees, through over $200M in funding from leading investors such as Andreessen Horowitz, IVP, USV, DFJ and NYSE. Since co-founding the company, Mr. Armstrong has led Coinbase to serve over 10M customers across 32 countries, providing custody for more than $10B in digital assets. Mr. Armstrong was listed as Fortune 40 under 40 and Recode 100 in 2017.
Before founding Coinbase, Mr. Armstrong worked as a Software Engineer at Airbnb from 2011-2012 as part of the hospitality marketplace, focusing on fraud prevention. At the time, Airbnb was moving money between 190 countries, and Mr. Armstrong had a front row seat into global payment systems.
Previously, he worked as a Developer for IBM and Consultant at Deloitte.
Mr. Armstrong holds three degrees from Rice University: Bachelor’s of Computer Science, Bachelor’s of Economics, and a Master’s of Computer Science.
Coinbase
Jan 25th, 1983
American
San Francisco, California, United States
Rice University Masters Computer Science - 2005-2006
Rice University Bachelor Computer Science, Economics - 2001-2005
907
$3.3 B
Coinbase - Co-founder & CEO
GiveCrypto.org - Manager
Airbnb - Software Engineer - 2011-2012
UniversityTutor.com - Founder & Chief Executive Officer - 2003-2012
Coinbase recently saw a dismissal of a class action suit brought against it by three aggrieved customers early last year.
Coinbase says that its customers in Japan have a 1-month deadline to withdraw all holdings, as operations would cease after that.
This is not the exchange’s first license in Ireland as Coinbase has been active in Ireland since 2018.
Despite the unpleasant situation and poor performance with its 2022 performance, Coinbase is confident in a better 2023.
The Coinbase CEO also noted several regulations that can allay investor fears in exchanges and crypto custodians.