According to a vision laid out by Coinbase cryptocurrency exchange CEO, Brian Armstrong, the future of Coinbase looks something like the New York Stock Exchange. Brian Armstrong made this comment at a recently held interview at TechCrunch Disrupt in San Francisco on September 8.
Brian mentioned that he foresees a future where the exchange plays host to a growing number of cryptocurrencies, as has become standard for companies to create their own token which runs as an alternative investment system.
According to him any company who has a cap table should have their own token. Coinbase wants to be the bridge that connects people all over the world so that they come and take fiat currency and get the same into different cryptocurrencies.
Brian said that tokenized future could see the Coinbase cryptocurrency exchange host hundreds of token within years and millions in the near future. He considers this to be a big leap from the five cryptocurrencies that it presently supports. He hopes the exchange would make way bigger than the New York Stock Exchange.
The only thing that can make this vision a reality is regulation. Other experts in the crypto space argued at Disrupt that there is a lack of clarity around crypto regulation and it is costing the U.S. heavily. However, Coinbase has taken measures to add security tokens to its portfolio by acquiring a securities dealer earlier this year, as stated in the TeleCrunch report.
According to Brian Armstrong, the total number of people in the crypto ecosystem can reach one billion within the next five years. You can view the full video from Armstrong’s interview here on YouTube.
The Coinbase cryptocurrency exchange on September 7 announced to launch trading of four more cryptocurrencies for the U.K. pound sterling (GBP). Customers based out of Britain will now be able to trade altcoins ETC, LTC, ETH and BCH for GBP, in addition to the existing BTC as mentioned in the Cointelegraph report.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]