Brian Armstrong, CEO of popular cryptocurrency exchange Coinbase, made interesting statements after the third quarter report.
Coinbase recently announced its third quarter report, and according to the details of the report, the company’s revenue 641 million Contrary to dollar forecasts 590 million dollars was limited to. Although the company next year current macroeconomic headwinds will continue and will likely focus on it, though CEO Armstrong has been more a positive attitude exhibits.
Brian Armstrong, CEO of Coinbase Thursday, November 3 made critical statements after the third quarter report announced on the same day. Armstrong, who remained optimistic, made the following statements in his speech:
In falling markets, you focus on building. Innovations continue. Many institutions are trying to integrate into the sector and develop it. This is a preparation for the days when macroeconomic conditions will improve.
CEO Armstrong also of USDC de facto in the USA Digital Central Bank Currency (CBDC) waiting for it to happen. According to the company, known for its USDC support, inclusion in the USDC ecosystem in the third quarter had financial benefits. In the statement made in parallel with the third quarter report, Agreements with the USDC issuer was stated to have signed. According to these agreements, it was stated that Coinbase shares the revenue from USDC reserves proportionally to the amount of USDC distributed by each party and the amount of USDC held on the platform of each party.