CandleFocus Coinbase Could Be One of Biggest US Banks, CEO Armstrong Reveals
2025-02-07
Author: Content Editor
The CEO of Coinbase, Brian Armstrong, suggests that if Coinbase were classified as a bank, it would be the 21st largest in the US, managing around $0.42 trillion in customer assets, surpassing some major names in banking. If considered as a brokerage, it would rank eighth in the country by assets under management. While it is harder to gauge Coinbase's position in the payments sector, it processed around $30 trillion in stablecoin payments last year. Armstrong believes that traditional financial sectors are becoming blurred with the rise of crypto, and envisions a future where people rely on a single financial account for all their needs, enabled by crypto's efficiencies, leading to lower costs, more stable money, and greater economic freedom globally.
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