Banks for Crypto Super App, Coinbase’s Brian Armstrong Sets New Target
Coinbase is planning to launch a crypto super app that will replace banks, offering payment services like credit cards and rewards.
Get the latest news on Brian Armstrong, CEO of Coinbase. Follow his insights on crypto regulation, industry trends, innovation in digital assets, and leadership at one of the world’s top crypto exchanges.
Coinbase is planning to launch a crypto super app that will replace banks, offering payment services like credit cards and rewards.
Brian Armstrong said that Coinbase is ramping up AI adoption, with nearly 40% of the exchange’s code now written by AI tools.
Coinbase will introduce perpetual-style crypto futures trading in the US on July 21, marking the first major exchange to offer such derivatives under full CFTC oversight with initial support for nano Bitcoin and Ether contracts.
Coinbase CEO Brian Armstrong announces plans to hire former DOGE team members with an accelerated hiring process.
Coinbase CEO Brian Armstrong urged US lawmakers to update regulations, allowing stablecoin issuers to pay interest to holders, similar to traditional savings accounts.
Armstrong admits that while he is not a meme coin trader, he recognizes their cultural significance.
India’s lack of a formal crypto regulatory framework keeps exchanges in a gray area, with financial institutions hesitant to engage due to fear of RBI backlash.
Coinbase may rank as the 21st bank and 8th brokerage in the US, according to CEO Armstrong.
Armstrong has also called on the broader market to follow Coinbase’s footsteps in cutting ties with law firms hiring individuals tied to aggressive regulatory actions.
Brian Armstrong accused SEC’s Gensler and Senator Warren of undermining crypto, fueling debanking issues, and impacting the 2024 election.
Following Bitcoin’s surge to $90,000 after Donald Trump’s election win, Coinbase’s app shot to the second-most downloaded finance app in the US Apple App Store, up from 33rd last week.
Coinbase CEO got an informal community note after Justin Sun debunked claims of no listing charges
Coinbase CEO Brian Armstrong criticizes the SEC for inconsistent crypto regulations, urging the next chairman to withdraw cases and apologize publicly.
Crypto companies are spending millions to influence the forthcoming elections; a researcher says such spending could weaken lawmakers.
In the letter, Coinbase confirmed that the total revenue was down 11% quarter-over-quarter and the revenue from transactions was $781 million, down 27% from Q1 2024.