Coinbase
$965.65M
CEO Brian Armstrong believes the United States is entering a new phase for cryptocurrency.
Speaking during the company’s fourth-quarter 2024 earnings call on February 13, he predicted that up to 10% of global gross domestic product (GDP) could rely on blockchain-based systems by 2030.
Armstrong compared the shift to how businesses had to adapt to the internet in the early 2000s. He said, “On-chain is the new online”.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Uniswap? (UNI Token Explained With Animation)
He sees Coinbase playing a central role in this transition, stating:
Coinbase is going to be the preferred partner to come in and build this for many of the companies out there.
The company’s latest earnings report supports this confidence, showing $2.3 billion in revenue for the fourth quarter—an 88% increase from the previous quarter.
Armstrong pointed to the US as a driver of crypto adoption. He noted that “President Trump is moving fast to fulfill his promise of making the US the crypto capital of the planet”. He also highlighted the current political climate, saying the US has “the most pro-crypto Congress” the company has seen.
Looking ahead, Armstrong outlined Coinbase’s priorities, which include expanding revenue from existing products, improving the usefulness of crypto in growing industries, and laying the groundwork for long-term development.
Recently, Coinbase acquired Spindl, a company focused on measuring and improving on-chain advertising. Why? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
