THELOGICALINDIAN - The Nasdaqlisted cryptocurrency barter Coinbase says that it wants to be the Amazon of assets and account every acknowledged crypto asset out there The aggregation has categorical two above longterm trends affecting its business
Coinbase Wants to List All Legal Cryptocurrencies
Coinbase appear its plan during the Q2 2024 balance alarm Tuesday. CEO Brian Armstrong explained: “We at Coinbase consistently anticipate about longer-term cycles of crypto … We’re consistently attractive at the abiding trends.” He declared two key trends affecting Coinbase.
“The aboriginal one is that we’re continuing to see this trend of bodies application crypto for added and added things above trading,” Armstrong detailed. He added that “For example, we now accept 1.7 actor users accomplishing staking in crypto, which is a way to acquire a crop on your assets.”
The CEO continued, “The additional big trend we’re seeing is this abstraction of Coinbase all-embracing decentralization,” elaborating:
Armstrong emphasized: “We accept a actual accurate action we’ve created on the acquiescence and the acknowledged and cybersecurity appraisal of these assets to accomplish abiding they accede with those standards, but already we get adequate with that, we appetite to account assorted assets that accommodated those advertisement criteria.”
He added noted: “Bitcoin and ethereum still accomplish up about 50% of our trading aggregate and the added 50% is the continued appendage of all the added assets that we support. No distinct one of those long-tail assets accounts for added than 10% of our trading aggregate so it’s absolutely starting to become absolutely a assorted set of assets out there.”
The Coinbase controlling mentioned that in the additional quarter, his belvedere listed 22 new coins, including dogecoin (DOGE). He opined:
In Q2, the aggregation raked in $2 billion and formed partnerships with notable bodies and companies including Elon Musk, Spacex, and PNC Bank. At the end of June, the aggregation said it capital to barrage an Apple-like app store for cryptocurrencies.
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