Coinbase CEO Brian Armstrong responded to a social media question about getting crypto into the hands of one billion people by stating the company is 'working on it' with Base, Coinbase's layer-2 blockchain. This statement aligns with Armstrong's previous goal to make Coinbase the number one financial services app in the world in the coming years. The announcement comes as Coinbase continues expanding its services, having recently received conditional OCC approval to operate as a trust bank.
The company has been building toward this vision for thirteen years, positioning itself as the 'Everything Exchange' by dramatically expanding available assets including cryptocurrencies, stocks, perpetual futures, and prediction markets. Coinbase has also been developing payment infrastructure, with its x402 protocol allowing websites to request and receive payments as part of normal web traffic, and launching custom stablecoin services for partners.
