Coinbase CEO Brian Armstrong highlighted the company's growing financial footprint, comparing its holdings to major U.S. banks and brokerages.
Coinbase's Financial Influence
Brian Armstrong states that Coinbase now holds approximately $420 billion in customer assets. This would make it the 21st largest bank in the U.S. by total assets. If categorized as a brokerage, Coinbase would rank as the eighth largest by assets under management.
Role in Payments
Armstrong also touched on Coinbase’s role in payments, citing the $30 trillion in stablecoin transactions processed last year. He emphasized that crypto is reshaping traditional finance by merging investment, payments, and lending into a single system.
Future Prospects of Crypto Infrastructure
Armstrong predicted that as more of the global economy shifts to crypto infrastructure, financial systems will become more efficient, lowering transaction costs, and increasing economic freedom.
Coinbase continues to strengthen its position as a major player in the fintech world, offering innovative solutions for banking and brokerage industries.
