The well -known cryptocurrency can become one of the largest “banks” in the United States if the encryption platform is classified as a financial institution. This is the interesting thought raised by senior executives. Coinbase CEO Brian Armstrong assumed a wonderful assumption about the potential ranking of the cryptocurrency if it is considered a bank, saying that Coinbase will be the 21st American bank in terms of total assets.
Among the largest banks
Armstrong Dagabeth made the minds of the X account after claiming that Coinbase would be easily One of the main banks In the country if it is classified as such because of its origins.
Coinbase’s CEO made a statement in light Coded The impressive financial growth of the company, which led to the value of the estimated assets of $ 420 billion.
If you are considering Coinbase like the bank, we now keep about $ 0.42 million in assets for our customers, making us the largest bank in the United States in the United States through total assets and growth.
If you think about us like mediation, we will be the eighth is the biggest mediation today by AUM.
If you are thinking about us …
Brian_armstrong February 7, 2025
“If you are thinking about Coinbase like the bank, we now keep about $ 0.42 in assets for our customers, making us the largest bank in the United States in the United States through total assets and growth,” Armstrong said in a position.
On the other hand, the CEO of encryption believes that if Coinbase is seen as an intermediary, the exchange of cryptocurrency will definitely be among The largest 10 In the country.
“If you think about us like mediation, we will be the eighth is the biggest mediation today by AUM,” said Coinbase, CEO, a publication that raised his followers.
Coinbase and the payment sector
At the same time, Armstrong admitted that if the exchange exchange is classified in the payment sector, he will be ignorant of the Coinbase’s position in the industry, saying: “If you think about us like payments … TBH are not sure where we arrange that list.”
Crypto CEO said he cannot locate Coinbase in the arrangement because “there are different ways to measure it.” However, he pointed to the huge size of Stablecoin payments that the encryption platform was able to treat last year.
“There were about $ 30 million in the total Stablecoin payments last year (not all of these goods and services though),” he said in a post.
Clarity of lines
Armstrong explained that he raised this interesting data to confirm that the identification between these groups is no longer clear, saying, “With encryption, the line between these groups is unclear.”
“There are many old reasons that are separate in the traditional financial system – not all of them are good. , Like a short -term cabinet), “Coinbase CEO.
He said that investors resort to Coinbase not only for investment, but also to use the platform to spend and obtain a loan and others.
“In the updated financial system, you will have one basic financial account that serves all these functions. More % of Global GDP will be operated on the most efficient encryption bars over time. And he concluded that we will have healthy money, less friction transactions, and greater economic freedom For everyone.
A distinctive photo of Wire, the tradingView graph