Brian Armstrong wrote on the social network X that the exchange is now holding customer assets of $ 420 billion. If the platform had been classified as a bank, it would become the 21st largest bank in the United States in terms of assets. And if Coinbase was a brokerage company, she would take eighth place, surpassing many Giants of Wall Street, praises her exchange Armstrong.
As the head of Coinbase put it, the boundaries between cryptocurrencies and the financial sector of the economy are erased. At the same time, traditional financial systems become obsolete and become ineffective. Banks pay customers the minimum interest on deposits, although there are huge amounts in the management of banks, the businessman was indignant.
“Why do you spend the money that you waste cost, and not grow, like investments? Why does your current account not bring income as a savings account or, even better, like short -term treasury bonds? ”, Armstrong twitched.
Recently, Coinbase CEO said that the world is moving towards a bitcoin stand-up in the monetary system. This means that any government that owns gold should have bitcoins in the state reserve, Armstrong explained.
Source: Bits
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