Coinbase Surpasses US Banking Giants with $420B in Crypto Assets
Coinbase has amassed $420 billion in customer assets under management, ranking as the 21st largest bank in the US by total assets. The crypto exchange's impressive growth and $273M profit showcase the rising dominance of digital asset platforms in traditional finance.
Coinbase CEO Signals Potential USDT Delisting Amid Looming US Stablecoin Regulations
Brian Armstrong indicates Coinbase may remove Tether's USDT if new US legislation requires stricter reserve and audit standards. The move could significantly impact the stablecoin market, where USDT remains dominant despite regulatory challenges in multiple jurisdictions.
Coinbase CEO Proposes USDC Integration for X Social Media Platform
Coinbase CEO Brian Armstrong advocates for integrating USDC stablecoin transfers on Elon Musk's X platform, aligned with X's vision of becoming an 'everything app'. The potential collaboration comes as USDC sees remarkable growth in 2024, with its supply increasing over 80% to $43 billion.
Coinbase CEO Takes Stand Against Law Firms Hiring Anti-Crypto Regulators
Brian Armstrong announces Coinbase will cut ties with law firms employing former government officials who opposed crypto during Biden administration. The move follows Milbank's hiring of ex-SEC enforcement chief Gurbir Grewal, who oversaw billions in crypto industry penalties.