The post Coinbase CEO Brian Armstrong says he plans to make it the top financial service app in the world appeared on BitcoinEthereumNews.com.

Brian Armstrong said this week that Coinbase is building to dominate the entire finance industry, not just crypto. During the company’s earnings call on Thursday, the CEO told analysts that within five to ten years, he wants Coinbase to be the number one financial services app on the planet. Brian wants to take on retail, businesses, institutional clients, and developers. His bet? That everything people do with money will eventually happen on crypto rails. Brian said he’s not looking at what traditional finance has been. “We want to look forwards and skate to where this opportunity is going,” he said. He made it clear that Coinbase is still mainly focused on trading and payments, but that’s just the start. “Crypto is eating financial services,” he said. Brian believes asset classes like money market funds, securities, real estate, and debt are all moving on-chain. And he sees Coinbase as the platform that will power that change. Coinbase eyes banks as future clients, not enemies Right now, Coinbase serves both regular people and big players. On top of its core exchange, it has rolled out services like stablecoin payments, staking, and institutional custody. Brian said more than 200 major institutions use these features, including BlackRock, Stripe, and PayPal. The timing is no accident. Over the past two months, US regulators have started to ease up on crypto. The Office of the Comptroller of the Currency just gave the green light for banks it oversees to offer crypto services. That decision comes right after the Federal Reserve and the FDIC made similar moves, reversing warnings they gave out last year. With President Donald Trump back in the White House and regulatory pressure easing, Brian said old institutions are now racing to figure out how to plug into the space. Congress is also getting…

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Filed under: News - @ May 11, 2025 9:21 pm