Coinbase CEO Brian Armstrong Talks About Listing “Millions” of Tokens, IPO Plans and Regulatory Uncertainty

At TechCrunch Disrupt SF 2018, Brian Armstrong, the CEO of Coinbase, made a serious of revelations about the future of the San Francisco-based startup. In the upcoming years, the company may list a myriad of new asset and even go public.  

The future NASDAQ of crypto?

Coinbase, the most popular fiat-to-crypto exchange in the world, made an announcement about adding five more cryptocurrencies in July. At the same time, Armstrong doesn’t exclude the possibility that more assets will be added to the exchange (hundreds or even millions) when tokens get on the same regulatory level as equity. The Coinbase CEO claims that more and more companies will soon start launching their new tokens. By planning to host hundreds of tokens, Coinbase wants to become the NASDAQ of the crypto industry.

Related

Mon, 07/23/2018 - 12:47

Coinbase Crypto Exchange Whitelisted on Google, Ads Coming

Yuri Molchan

IPO is a possibility

Another important takeaway was that Armstrong wants to take his company public. While Binance CEO has effectively denied the rumors about launching an IPO, Armstrong doesn’t hide his ambitions. He claims that the San Francisco-based startup enjoys substantial profit, but he doesn’t exclude the possibility of raising additional capital. Remarkably enough, Armstrong also mentioned that he would like to go public on his own Blockchain-powered platform.

One bln people in the crypto ecosystem  

During the interview with TechCrunch, Armstrong also weighed in on the future of crypto, claiming that the number of people involved in the cryptocurrency ecosystem will increase exponentially up one bln during the next five years. That will also be reflected in the number of digital assets.

Speaking of regulatory issues, which call into question the American dominance in the industry, Coinbase CEO claims that have yet to see what the SEC has to say, but he believes that the majority of tokens will be classified as securities.    

Coinbase has been dominating the news this week by making an announcement about launching its own cryptocurrency ETF and expanding its staff up to 500 members in 2018. On top of that, Coinbase Pro has recently introduced new trading pairs for British customers.   

card