The Ledger
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Armstrong: Coinbase has explored issuing a Base token to decentralize
“And we, we've made it through stage zero, stage one. We're partly, partly through the final stage of stage two. And to do that, we've explored issuing a base token and there's a path to potentially decentralizing it over time on that route.”
Armstrong: Capitulating to the SEC would probably have ended US crypto
“If we had, Capitulated, it would have probably spelt the end of the crypto industry in the United States.”
Armstrong: India's 30% crypto tax is among world's most punitive
“I, and I will say, yeah, the 30% tax on trading in India is quite punitive. I think that's actually one of the most punitive regimes anywhere in the world that we operate.”
Armstrong: Coinbase to relaunch in India with FIU registration and UPI access
“We're actually planning to relaunch in India on Monday, and we, I believe we're now the first you know, international player in India that has a local license and access to the local payment rails and, You know, we registered with the FIU, and so we've got a l…”
Armstrong: US crypto market structure bill could reach Senate vote within two months
“The House has already voted on it, so now the two committees in the Senate have to come together to reconcile their drafts, and then it'll hopefully, it could go to full Senate vote in the next month or two, so we'll see.”
Armstrong: Coinbase gives any trader equal AWS access to Citadel
“We, we've built this in the cloud where anybody can spin up an AWS instance in the same availability zone and have the same access as Citadel or Jane Street.”
Armstrong: Coinbase passes roughly 90% of USDC yield to users
“But currently today, it's about 90% of the economics, at least on Coinbase, are given to the user. So we are keeping, you know, the 10%.”
Armstrong: Coinbase integrating stablecoins with 5 of top 20 world banks
“We were doing stablecoin integrations with five of the 20 largest banks in the world.”
Armstrong: Coinbase stores more crypto than any other company
“We're the company in the world that stores more crypto than anybody else.”
Armstrong: Coinbase is working to launch private transactions on Base
“There's also people working on private transactions on, on base including us, for instance. So hopefully we'll be able to launch the first private transactions on base soon as well.”
Armstrong: Coinbase is building an exchange for stocks, FX, and commodities
“One thing we've been doing is just diversifying the set of asset classes that are in, you know, we're building the everything exchange so you can trade stocks and commodities and FX and everything, right? And, you know, index funds.”
Armstrong: Coinbase gained US regulatory approval for crypto perps and options
“So we actually just today got approval for crypto perps and options tradable by U S people. I think we're the first regulated exchange in the U S to do that.”
Armstrong: Coinbase is developing an on-chain payment protocol
“Right now we're making, An on-chain payment protocol.”
Armstrong: Base is the most popular Layer 2 on Ethereum
“It's the most popular layer two on top of Ethereum now, and it's, people are using it for all kinds of apps to be built, and payment stable coins, and trading, and AI agents, like agentic commerce is happening on there.”
Armstrong: Coinbase aims to become users' primary financial account
“We also want to become the primary financial account for people over time. So they're doing direct deposit and they have Coinbase card and they can get a loan.”
Armstrong: Base blockchain transaction fees are about one-tenth of a cent
“Yeah, like in, on the base chain, at least it's about a 10th of a cent US.”
Armstrong: Large startups in novel areas inevitably attract government scrutiny
“Well, it turns out if you're building in a new area the law is awfully oftentimes unclear. And if your company gets big enough, you will eventually intersect with government. Even if you have no interest in the government will eventually develop an interest in…”