Coinbase CEO Brian Armstrong stated on June 25 that the company is supporting the integration of cryptocurrency for about 200 banks and financial institutions, aiming to promote acceptance and interaction with digital currency in the traditional financial sector.
Coinbase attracts 200 organizations to expand cryptocurrency functionality
Coinbase is expanding support for cryptocurrency integration for about 200 organizations, including banks, brokerage firms, fintech, and payment organizations. CEO Brian Armstrong encourages interested parties to contact for partnership establishment, aiming to promote the application of crypto in traditional finance. This move is positively evaluated by the industry, with expectations to enhance liquidity and organizational collaboration.
The market significance of this initiative
According to CoinMarketCap, Bitcoin (BTC) is currently priced at $106,161.32, with a market capitalization of $2.11 trillion, accounting for 64.55% market share. Over the past 90 days, BTC has increased by 21.31%, although the 24-hour trading volume has decreased by 25.37%.
Coinbase's initiative may contribute to strengthening the legal framework, attracting major institutions to participate in the crypto market, thereby stabilizing the market and promoting technological innovation in the financial sector.
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