The CEO of one of the most popular crypto exchanges out there, Coinbase, has recently laid out his vision for the company’s future. In short, the CEO declared that the company aims to grow into an organization that resembles the New York Stock Exchange (NYSE), but on an international level.
Brian Armstrong made his thoughts known at the TechCrunch Disrupt SF event that took place in San Francisco. The CEO touched upon the fact that Coinbase is the most popular exchange in the U.S. repeatedly. However, he was adamant to point out that Coinbase will become the base of alternative investment financing in the following years.
“It makes sense that any company out there who has a cap table… should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens. We want to be the bridge all over the world where people come, and they take fiat currency, and they can get it into these different cryptocurrencies,” Armstrong declared.
These plans imply that Coinbase requires to multiply its list of supported cryptocurrencies. At the current time, the main challenge for Armstrong’s plans is the regulatory situation of cryptocurrencies in the U.S.
Despite these somewhat restrictive regulations, Coinbase continues its evolution, as it just recently acquired Keystone Capital in order to expand its reach in the blockchain-based securities market.
Regarding the matter of security tokens on Coinbase, the CEO declared:
“We do feel a substantial subset of these tokens will be securities. Our approach has always been to be the most trusted [exchange] and the easiest to use. So we want to be the legal compliant place where you can start to trade these tokens that are classified as securities. Web 1.0 was about publishing information, web 2.0 was about interaction, and web 3.0 is going to be about value transfer on the internet because now the web has this native currency and so applications can be built that instantly tap into this global economy on the Internet.”
Armstrong ended his talk by displaying optimism in regards to the future growth of the crypto ecosystem. The CEO said that he thinks it’s possible that the number of people involved in the crypto ecosystem may hit 1 billion in five years.