u.today
27 m
Coinbase CEO Brian Armstrong has shared in a post on X the comments he planned to make on CNBC after the TV channel cut his segment short to cover the news about Jensen Huang's resignation from Nvidia.
Armstrong says security is the top topic for clients
According to Armstrong, security is currently the main topic that clients of Coinbase ask about. "Trust and security is more important than ever," the Coinbase CEO wrote.
Point your phone camera to install
4.8 based on 40K reviews in the App Store and Google Play
Armstrong said that seven of the world's largest banks work with Coinbase, and the company has more than 80 licenses around the world. Besides, Coinbase uses the latest AI models for defense, and it often gets early access to them.
According to Armstrong, more than 99% of the crypto stored by Coinbase is kept in cold storage. "We always assume humans can be tricked, and build our defenses with this in mind. No single person, laptop, or system can move your money at Coinbase," the Coinbase CEO said.
Armstrong also said that there will soon be more AI agents than humans in the economy. According to the forecasts cited by the Coinbase CEO, agents will process $3 trillion to $5 trillion of transactions by 2030.
"Crypto is an ideal execution rail, and we're building the most AI-enabled financial account as one of our top priorities," Armstrong wrote. "I am incredibly bullish on agentic finance (AiFi)."
In this context, Armstrong said that every public company CEO should want their stock tokenized. According to the Coinbase CEO, the trading volume of tokenized stocks on Base has already exceeded $5 billion.
"Tokenized stocks are more accessible and useful than traditional stocks, especially when composed with DeFi (think earning yield on your stocks)," he added.
Armstrong also thanked SEC Chairman Paul Atkins and CFTC Chairman Michael Selig for bringing equity perpetual futures to U.S. traders. According to the Coinbase CEO, the regulators "have put historical agency turf wars aside" to launch the product.
"Incumbents trying to block competition in the US won't stop these products. They already exist offshore. The only question is whether America will win or lose here, and we intend to help America win," Armstrong said.
Finally, Armstrong said that Coinbase Pro would return soon. Coinbase closed the platform in 2022. "Trading in the US is about to level up," the Coinbase CEO wrote.
