Coinbase CEO Brian Armstrong highlighted the company’s growing financial footprint, comparing his holding to major American banks and brokerage.
One in Post On X, Armstrong stated that the coinbase is now about $ 420 billion in customer property.
This will make it the 21st largest bank in the US by total assets. If classified as a brokerage, the coinbase will rank as the eighth largest by the property under management.
Payment through coinbase
Armstrong also touched the role of a coinbase in payment, although not all were for goods and services, citing $ 30 trillion in the processed Stabelcoin transactions last year, although not all were for goods and services. He emphasized that Crypto is re -shaping traditional finance by investing in investment, payment, payment and the same system.
Armstrong wrote, “With Crypto, the line between these categories is blurred.”
He argued that the traditional separation of banking works is old and a modern financial system should offer spontaneous integration to spend, investment and yield.
Armstrong predicted that Crypto infrastructure changes as a global economy, the financial system will become more efficient, the cost of transactions will be reduced and economic freedom will increase.
