Coinbase CEO: In 5 years, the cryptocurrency ecosystem will number 1 billion people
Brian Armstrong, CEO of cryptocurrency exchange Coinbase, predicts that the number of people using cryptocurrencies will grow from 40 million to 1 billion over the next 5 years.
In a conversation with TechCrunch, Armstrong said that, in his opinion, the crypto ecosystem and the total number of digital currencies will grow significantly, thanks to the fact that more commercial organizations will develop their own tokens. These tokens will exist in parallel with securities as an alternative investment instrument.
“In my opinion, it makes sense that any company that has a capitalization table has its own token. Every open source project, every charitable foundation, potentially every foundation and these new types of decentralized organizations and applications – they will all have their own tokens, ”explained Armstrong..
Armstrong sees regulation as a critical factor in making his vision a reality. According to him, this is a “big open question” and we only have to see if the majority of tokens will be classified as securities. Coinbase, he said, believes that “a significant portion of these tokens will be securities.”.
Armstrong added that Coinbase could host hundreds of tokens “over the coming years”, and possibly even “millions” in the future..
To become a fully regulated brokerage company and “offer new services including crypto trading, exchange margin and over-the-counter trading,” Coinbase acquired the securities dealer Keystone Capital Corp. and Venovate Marketplace Inc. and Digital Wealth LLC. These acquisitions are intended to help the company significantly expand its non-cryptocurrency financial product line..
Coinbase recently announced that it is launching 4 new cryptocurrency pairs for the British pound. British clients of the exchange will now be able to buy and sell Ethereum, Ethereum Classic, Litecoin and Bitcoin Cash in addition to Bitcoin.