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: 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: 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 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 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 developing an on-chain payment protocol
“Right now we're making, An on-chain payment protocol.”
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: Coinbase lending features use DeFi protocols underneath
“You had mentioned earlier, people on Coinbase can actually choose to lend their money out and earn these yields and things. That's using a DeFi protocol underneath.”
Armstrong: Base has awarded $10,000 grants to Indian developers
“Actually the base chain, we have this program called base grants, and we've given like 10,000 dollar grants to a bunch of different developers in India. And a lot of them, we actually fly them out to Silicon Valley and they do a session where they get mentorsh…”