The CEO of cryptocurrency exchange Coinbase Brian Armstrong suggests that the number of people using cryptocurrencies in the next 5 years will grow from 40 million to 1 billion people.
In a conversation with TechCrunch, Armstrong stated that, in his view, cryptococcoma and the total number of digital currencies will grow significantly – thanks to the fact that more and more commercial organizations will develop their own tokens. These tokens will exist in parallel with securities as an alternative investment tool.
“In my opinion, it makes sense that any company that has a capitalization table, had its own token. Every open source project, every charitable Foundation that potentially each of the funds and these new types of decentralized organizations, and applications – all of them will have their own tokens”, – explained Armstrong.
One of the most important factors in the realization of his vision in life, Armstrong considers the issue of regulation. According to him, is a “big open question” and we just have to see if the majority of tokens classified as securities. Coinbase, he said, believes that “a significant portion of these tokens will be securities.”
Armstrong added that Coinbase is in the “next few years” can accommodate hundreds of tokens, and in the future – perhaps even “millions”.
To become a fully regulated brokerage company and “to offer new services, including securities cryptomanager, exchange margin and OTC trading”, Coinbase has acquired Keystone Capital Corp., involved in dealer operations with securities, as well as Venovate Marketplace Inc. and Digital Wealth LLC. These acquisitions are intended to help the company significantly expand its range of financial products that are not related to cryptocurrencies.
Recently, Coinbase announced that runs to the pound, 4 new cryptocurrency pairs. The British customers now will be able in addition to bitcoin to buy and sell Ethereum, Ethereum Classic, Litecoin and Bitcoin Cash.
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