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Coinbase Crosses $420,000,000,000 in Assets As CEO Brian Armstrong Ranks Crypto Exchange Among Top US Banks

With Coinbase crossing $420 billion in assets, CEO Brian Armstrong is comparing the top US-based crypto exchange to leading US banks. In a new post to the social media platform X, Armstrong lays out the case for why he thinks Coinbase is now competing with the largest US banks, brokerages and payment companies. “If you think of Coinbase like a bank, we now hold about $0.42 trillion in assets for our customers, which would make us the 21st largest bank in the US by total assets, and growing. If you think of us more like a brokerage, we’d be the 8th largest brokerage today by AUM (assets under management). If you think of us like a payments company… to be honest, I’m not sure where we rank on that list. There are various ways to measure it, but there were about $30 trillion in total stablecoin payments last year (not all of those were goods and services though).” Armstrong says that the distinction between Coinbase and many top-US financial providers is dissolving as the leading US-based crypto exchange expands. “Many people use Coinbase to invest, but also to spend, get a loan, etc. In the updated financial system, you will have a single primary financial account which serves all these functions. A greater % of global GDP (gross domestic product) will run on more efficient crypto rails over time. We’ll have sound money, lower friction transactions, and greater economic freedom for all.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Den Rise/Andy Chipus/Vladimir Sazonov The post Coinbase Crosses $420,000,000,000 in Assets As CEO Brian Armstrong Ranks Crypto Exchange Among Top US Banks appeared first on The Daily Hodl . Decrypt

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BlackRock Boosts Stake: A New Chapter in Financial Strategies

BlackRock raised its stake in Strategy, reflecting increased BTC demand. STRK has begun trading on Nasdaq, marking a new investment opportunity. Continue Reading: BlackRock Boosts Stake: A New Chapter in Financial Strategies The post BlackRock Boosts Stake: A New Chapter in Financial Strategies appeared first on COINTURK NEWS . Decrypt