Brian Armstrong, CEO of Coinbase envisages that the number of people in the crypto derived ecosystem will mature from the present 4 Million to 1 Billion over the next five years, TechCrunch reported on September 7.
In an interview with TechCrunch, Armstrong predicts that the crypto ecosystem and the total number of digital coins will grow appreciably, which attributes the growth to commercial organizations that develop their own tokens. Tokens would work with shares as a substitute investment system.
Armstrong elucidated, “It makes a logic that any business with a table of capitalization should have its own token. Every open source project, every charitable institution, maybe the whole bottom line of these new types of decentralized organizations and applications and they will have their own tokens.”
Government issue in terms of regulation as one of the key factors in the implementation of its vision, Armstrong termed it as a big open question and noted that it remains to be seen whether the most tokens effects will be recognized. He said Coinbase believes that there will be a significant portion of these tokens will be seen as securities.”
Armstrong added that the future Coinbase could contain hundreds of tokens in the years and expected to reach millions in the coming future.
To become a fully regulated broker and to offer future services that deal with the crypto margin comprising securities and OTC trading, Coinbase took over the Keystone Capital Corp, next to Digital Wealth LLC and Venovate Marketplace, Inc. The acquisition can then help the company develop crypto-based financial products.
Yesterday Coinbase announced that it will trade four cryptocurrencies, for the pound sterling (GBP). British customers now alongside existing Bitcoin (BTC) also have Ethereum, Ethereum Classic, Litecoin, and Bitcoin Cash (BCH) for GBP.
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