In a recent blog entry, Brian Armstrong, CEO, and Co-founder of Coinbase, conveyed his conviction that cryptocurrency isn’t merely a fleeting trend but symbolizes the future of currency. Coinbase is actively pursuing a mission to broaden economic freedom for over a billion individuals, highlighting the transformative power of this asset class in redefining the financial landscape and empowering people worldwide.
Coinbase is Directing its Efforts Towards Developing Reliable and Compliant Products
The surge in cryptocurrency adoption is propelled by consumers seeking the swift, expansive, and autonomous financial capabilities often lacking in traditional institutions and online payment systems, according to Armstrong.
A significant portion of individuals, including 52% of adults aged 18-40, six in 10 Black Americans, and almost half (47%) of Hispanic Americans, actively explore alternatives to the existing financial system in the U.S.
With the expanding use of cryptocurrency, Armstrong highlights the company’s commitment to crafting reliable, compliant products and services. This involves support for developers and advocacy for equitable regulations to extend the global accessibility of crypto benefits. Notable offerings include Coinbase Wallet, Base, and an International Exchange.
Armstrong underscores Coinbase’s global expansion approach, known as “Go Broad, Go Deep,” aiming to expedite the widespread adoption of crypto worldwide. He points out that the company has recently acquired licenses or extended its footprint in crucial markets such as Canada, Spain, and Bermuda.
Moreover, Coinbase has designated Ireland as its EU MiCA entity location, reinforcing its dedication to a comprehensive global presence within the cryptocurrency domain.
Coinbase Restates its Dedication to Innovation in the Realm of Cryptocurrency
The CEO of Coinbase reiterated the company’s dedication to establishing a foundation with clear regulations, partnerships, and reliable products and infrastructure to support current and future innovations in the cryptocurrency space.
Armstrong stressed that Coinbase’s choice to go public in the U.S. reflects its commitment to the market, compliance, and transparency. The platform believes its mission is particularly relevant amid challenges to the American Dream and democratic values, thriving in an environment of economic freedom.
Coinbase envisions the U.S. eventually embracing the potential of crypto and, in the meantime, plans to collaborate with nations advancing in the next chapter of crypto. This collaboration aims to contribute to the development of a more global, open financial system. Coinbase perceives both crypto and itself as being in the early stages of their respective journeys.
