During a recent earnings call, Coinbase CEO Brian Armstrong presented his plans to transform the platform into a leading financial service on the global market over the next decade.
Ambitious Strategy of Coinbase
In the earnings report, Brian Armstrong stated: "Crypto is eating financial services." This concept reflects the company's commitment to transforming all aspects of finance—from trading to payments, investing, real estate, and debt—into the digital realm.
Changing Role of Banks in the Financial Landscape
Armstrong emphasized that banks are no longer competitors but potential clients. With regulatory changes in the U.S., over 200 financial institutions, including BlackRock and PayPal, already utilize Coinbase's infrastructure for crypto services. "Every major bank is going to be integrating crypto at some point," he noted.
Growth of Stablecoin USDC
USDC, the stablecoin co-created with Circle, is becoming the second-largest revenue source for Coinbase. In Q1 2025, stablecoin revenue grew by 50% year-over-year and 32% quarter-over-quarter. Armstrong aims to make USDC the leading stablecoin globally, surpassing Tether (USDT).
Coinbase is actively developing infrastructure for the next generation of financial services, positioning itself as a key provider in the global financial system.
