Chief executive Officer of cryptocurrency exchange Coinbase‘Brian Armstrong’ predictsthe quantityofindividuals within thecrypto community will certainly grow fromthe currentnumber of 40 Mln to around1 Blnwithin thenextfewupcoming years.
According to an interview with a local news source ‘TechCrunch’, ’Brian Armstrong’, CEO of ‘Coinbase’ mentioned that the cryptocurrency ecosystemand therefore thetotalrangeof digital currencieswould begrowingconsiderably, attributingthe expansiontoindustrialorganisationsthat are developing their own tokens. The tokens would reportedlyoperateat the side ofequity as an anotherinvestment system.
Adding further Armstrong explained that:
“Itis sensiblethat any company out there whichincorporates acap tableought tohave their own tokens.Eachopensourceproject,eachcharity,probablyeveryfund or these newtypes ofdecentralisedorganisations and apps, they’re allprogressing tohave their own tokens.”
Addressingthe difficultyof regulationsmutuallyis the crucial factors for implementing his vision, Armstrongreferred toit as “amassiveopen question,” and noted that it remains to be seenwhether or notthe majorityof tokensarerecognized as securities. Hetoldthat Coinbasedoesfeela considerablesubsetof thosetokensas securities.
Armstrongadditionally saidthat Coinbasemayhostmanytokens in the upcoming years andprobablymillions of tokenswithin the mere future.
In order to become a fully-regulatedbroker-dealerand “offer future services thatembodycrypto securitiescommercialism, margin and over-the-countertrading,” Coinbaseacquiredsecurities dealer Keystone Capitalcorporation.additionallyto Venovate Marketplace, Inc., and Digital Wealth LLC. The acquisitionmayfacilitatethe companytoexpand into non-cryptoproducts afterwards.
Yesterday, Coinbase also proclaimedit’ll belaunching commercialismof 4additionaldigital currencies for the U.K.British pound(GBP). British customerswould becurrentlyable totrade altcoins like Ethereum ‘ETH’, Ethereum Classic ‘ETC’, Litecoin ‘LTC’ and BitcoinCash‘BCH’ for GBP,additionallytothe prevailingBitcoin ‘BTC’.