Coinbase's CEO stated: Cryptocurrency is the key to the future financial system.

Coinbase's CEO Brian Armstrong aims to build an open financial system to make cryptocurrency more accessible to people.

Coinbase is a major U.S. cryptocurrency exchange and wallet service company. Armstrong mentioned the company's future development in a statement on 7/19:

We hope the company can focus on connecting people with the cryptocurrency industry rather than just focusing on transactions.

According to a report, he stated that Coinbase's mission is to help people use cryptocurrencies by connecting individuals in the market and expanding the crypto community, not just buying and selling, in order to accelerate the development of the global crypto economy.

In this regard, Armstrong referenced some recent developments at Coinbase, such as the incentive cryptocurrency education program Coinbase Earn, and preparations for enabling Coinbase crypto loans and margin trading. He said:

We can actually change the rules and change the curve by what we're building to essentially change the economic freedom of the entire world.

For this reason, Coinbase will continue to invest in other startups through its incubator program Coinbase Ventures. It will also launch a range of products aimed at lowering the barriers to entry for cryptocurrencies and expanding the ways people can acquire cryptocurrencies.

Coinbase cannot achieve this vision alone; it requires thousands of companies to work together to effect change.

He pointed out that they are not deviating from the traditional financial industry, but aiming to become the largest custodian and establish close relationships with traditional financial institutions.

On 7/12, when Trump made anti-Bitcoin comments, Armstrong expressed his views, stating:

This also represents another achievement for the crypto industry, showing that the crypto industry is currently independent of countries worldwide, and those major nations cannot stop the development of crypto.

Finally, he hopes to utilize the convenience and secure image of their brand to "have a billion people accessing an open financial system in five to ten years" and browsing their products every day.

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