Coinbase CEO Wants Firm to Move Beyond Trading in Next 5 Years
In a new AMA session, Coinbase CEO Brian Armstrong said that he expects the company to be less about trading, more about adoption.
Brian Armstrong, CEO of major American crypto exchange and wallet service Coinbase,Â believes that the firm will be less about trading and more about adoption five years from now.
Armstrong wants the firm to connect people in crypto industry
Â In an AMA session on July 19, Armstrong presented his vision of the company in five years, claiming that he sees Coinbase as not just a crypto trading service provider, but rather a more universal entity driving adoption to crypto.
Armstrong pointed out Coinbaseâ€™s mission to help grow the global crypto economy by connecting people in the market and expanding crypto community to help people use cryptocurrencies for more than just buying and selling. In this regard, Armstrong cited some recent Coinbase developments, such as incentivized crypto educational program Coinbase Earn, as well as preparations to soon enable crypto lending and margin trading on Coinbase. Armstrong explained:
â€œIn five years I hope that weâ€™ll have it even further beyond that. Thereâ€™ll be thousands of companies thatâ€™ll be crypto-first.â€�
Armstrong supports people who left Coinbase to run their own crypto projects
As a part of Coinbaseâ€™s crypto adoption driver mission, Armstrong has also expressed his positive stance to former Coinbase employees who decided to leave the company to launch a new successful crypto project. Coinbase CEO noted the existing term of Coinbase mafia, recalling roughly ten people who have quit Coinbase to run successful crypto companies.
Armstrong appeared to encourage these former employees, claiming that he really wants people to learn from Coinbase and spread their knowledge to bring more adoption. â€œWeâ€˜re just gonna keep doing more and more of that,â€� Armstrong said, still adding that Coinbase is a multi product company.
On July 12, Armstrong said that a recent anti-Bitcoin (BTC) tweet by United States President Donald Trump unlocked another achievement for crypto industry, indicating that crypto industry is independent of global powers and that those powers cannot shut crypto down.