The Coinbase exchange CEO Brian Armstrong predicted that the number of people that join the ecosystem will grow to 1 billion in the next five to six years.
Armstrong says that crypto ecosystem and also the total number of digital currencies will grow immensely and this will lead to the growth of commercial organizations that will develop their own tokens. These tokens should work together as an alternative investment system. Armstrong continued:
“It makes sense that any company out there who has a cap table should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens.”
He addressed that the issue of regulation is currently one of the most important factors for his prediction to come true and noted that it will yet be seen whether the majority of tokens will be recognized as securities. He added that Coinbase has the ability to host hundreds of tokens maybe even millions in the near future.
Coinbase acquired securities dealer Keystone Capital Corp in addition to Digital Wealth LLC and this could potentially help the company to expand into non-crypto products as well. Also, the company acquired securities in order to become a fully-regulated broker that will offer services such as crypto securities trading and over-the-counter trading. Just yesterday, Coinbase announced it will bring four more cryptocurrencies for the U.K pound so British customers can trade altcoins for GBP.
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