Being one of the largest exchanges of the cryptocurrencies in the world, Coinbase is also the has a greater experience for their years of work. This platform exists since 2012, achieving a number of successes and overcoming trials along the way. Its CEO, Brian Armstrong, decided to share your comments regarding your platform. He shared his ideas and experiences in an event of Vanity Fair, talking about how Coinbase has managed to overcome the crisis of cryptocurrencies. He stressed that even during the bear market of 2018 were able to make profits by the way that is organized. In addition, he stressed that they have obtained more earnings operational risk capital raised to date, estimated to be nearly $ 550 million in nine rounds of funding, according to CrunchBase. It should be noted that the company is currently valued at $ 8 billion. One of their comments most important gains is that only counting the commissions, have been able to raise $ 2 billion dollars. “Most of these profits are reinvesting in the business, with the goal of creating new products,” said Armstrong to Vanity Fair. “Somehow I think of us as the unicorn anti-unicorn … I Want Coinbase to be a company of innovation repeatable”.
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Not everything is perfect
With respect to Coinbase not commented more about it, however, ended its participation in commenting on the regulatory frameworks in the world. Particularly focused on the reaction of the world to Pound. “I really don’t know why the reaction was so negative. I really would like to see the united States adopt this innovation area”. Armstong added: “There are many people who do not have banking services in the world, who do not have banking services … I Hope that the united States adopt this kind of innovation, even if it comes from a company like Facebook that are not necessarily very happy.” It should be noted that at no time encouraging as such the use of the Pound, only showed rejection against the reaction of the united States. It is important to clarify this point arose because of speculation that Coinbase reached out to Pound, when it is not.
Posture
Armstrong to be the pioneers of the investment in cryptocurrencies, your position is as clear as water. He finds that these digital assets are recognized as they are financial assets. Therefore, it supports the idea that encourage their use and scope in the world, without focusing on a particular. The following two tabs change content below. I am a student of economics, interested in innovation and technological development, always faithful to that tomorrow will be a better day.