Coinbase CEO Brian Armstrong compares the crypto exchange to leading US banks, stating that it now holds about $420 billion in assets for its customers. He suggests that Coinbase is competing with major banks, brokerages, and payment companies. Armstrong envisions a future where Coinbase serves as a primary financial account for various functions, including investing, spending, and obtaining loans. He believes that the financial system will increasingly rely on efficient crypto rails, providing sound money, reduced transaction friction, and greater economic freedom.



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