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The head of Coinbase revealed the company's plans for 2024
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The head of Coinbase revealed the company's plans for 2024

Feb 19, 2024

In a recent statement, Brian Armstrong, CEO of the cryptocurrency exchange Coinbase, shared the company's performance results for 2023 and outlined key development directions for 2024. Armstrong noted a significant 45% reduction in company expenses compared to the previous year and achieving a $95 million net profit. Special attention was given to the successful launch of the international exchange, derivative products, the L2 blockchain scaling solution Base, and the important role in approving spot Bitcoin ETFs, where Coinbase acted as custodian for most issuers.

Armstrong emphasized that in 2024, the company will focus on increasing revenue through trading fees, international expansion, and derivatives development. Also planned is the enhancement of cryptocurrency functionality through payment systems and the development of Coinbase Wallet. Additionally, the company intends to continue working on clarity in cryptocurrency regulation through legal channels.

In conclusion, Armstrong expressed optimism about the future of Coinbase and the cryptocurrency market as a whole, highlighting the company's commitment to innovation and development in line with market needs.

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