Coinbase want to be the “Amazon of assets”

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Coinbase exchange revealed their plans to expand their business in the long term and also they claimed that they add all the legal crypto assets to their platform.

Coinbase is the biggest Cryptocurrency exchange in the U.S. This exchange also targets the crypto users from the global market where crypto is legal. In the Q2 2021 earning calls event, Coinbase’s CEO shared many things about their plans with Coinbase exchange.

During the second quarter 2021 calls, Brian Armstrong said that they want to go with their long term plans with the crypto business. And their plans will interact with those assets which are legal. 

“We’re always looking at the long-term trends.”

And then Brian added that their platform has 1.7 million users and these users will help them to yield on assets. And the biggest thing that they will do for the community is embrace the decentralization system.

As the crypto community knows very well that Coinbase Exchange is known for their work under the regulation rules, so by taking this reference Brian said that they will make Coinbase a platform of Amazon for crypto assets which are legal in their view.

“We want to be the Amazon of assets, list every asset out there in crypto that’s legal. There are thousands of them today. There are eventually going to be millions of them. This is all under the theme of embracing decentralization”

Brian also said that they are still working on the legal framework system to comply with the regulators globally. Overall they endup his progressive discussion of Coinbase, to make exchange a highly favourable exchange for regulators & crypto regulatory framework.

“We have a very rigorous process we’ve created on the compliance and the legal and cybersecurity evaluation of these assets to make sure they comply with those standards, but once we get comfortable with that, we want to list various assets that meet those listing criteria.”

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