Deep Tide TechFlow News, May 11, according to CNBC, Coinbase CEO Brian Armstrong stated that the company plans to transform into a leading financial services application over the next decade, as cryptocurrency is encroaching on financial services, with money market funds, real estate, securities, debt, and more entering the blockchain space.
Brian Armstrong emphasized that Coinbase is committed to achieving this goal by expanding its product line, promoting globalization, and strengthening compliance. The company is currently expanding its diverse services including stablecoin payments, crypto lending, custody services, and derivatives trading. Stablecoins have become Coinbase's largest revenue driver outside of trading, with Q1 stablecoin-related revenue soaring 50% compared to the same period last year, and up 32% from the fourth quarter.
