Regulation is one of the biggest risks for the cryptocurrency business, Brian Armstrong, CEO of Coinbase, told CNBC.
“It’s just there with cyber security,” Armstrong said in an interview with Andrew Ross Sorkin that aired Wednesday morning. “And especially now that Coinbase is a public company, we are going to increasingly investigate what we do and people want to understand its implications.”
‘And we’m very happy about just nine years since the start of the business, just like we did for the last ten years, with everyone in DC and really lawmakers, policymakers around the world, of course Coinbase is now in many different countries how we can build the most active and this business the best, ‘he added.
Coinbase becomes the first major crypto company to become known in the US after coming to market later in the day through a direct listing. The Nasdaq offered the company a reference price of $ 250 per share before the direct listing, which would value the cryptocurrency exchange on a fully diluted basis at about $ 65.3 billion.
“We’m very excited and happy to comply with the rules. And basically, we’re just asking that, hey, we at least want to be treated on an equal footing with traditional financial services and no penalty for being in the crypto space. , ”Armstrong said.
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