Empowering a decentralized economy
If a company is a film streak, then the founder is the company’s chief screenwriter, and as the chief executive of Coinbase, the first cryptocurrency stock, Brian Armstrong’s inspiring articles published in the past are often spoken of by the cryptocurrency community.
On the last day of the first six months of 2021, Brian Armstrong reposted “Embracing decentralization at Coinbase” through Coinbase’s official blog.
Different from imagining the trend of the cryptocurrency manufacture in the past, this time Brian Armstrong is fully concentrated on the future changes of Coinbase. After experiencing the leaning celebration, Coinbase, the “crypto giant ship”, is sounding the tusk of turning the rudder.
Short-term: strong rendition and volatility closed down
The listing of Coinbase is regarded as a watershed in the cryptocurrency industry, which not only shows that the industry has entered the mainstream vision, but likewise represents that Coinbase has passed the SEC review and became the first large-scale cryptocurrency trading service provider to be listed.
On April 14, 2021, Coinbase was listed and traded on Nasdaq through Direct Public Offering( DPO ). The opening expenditure of the working day was 381 US dollars, and it closed at 328.28 US dollars that day.
After the DPO, due to gigantic purchases by institutional and individual investors, the price was increased to a maximum of US $429.54. Based on the closing toll on the first day of lean, Coinbase’s diluted valuation is US $85.8 billion, outstripping the second-ranked exchange in the United Regime by sell capitalization-Chicago Mercantile Exchange Group CME Group(nearly US $74 billion).
Long-term: Building a “decentralized” Apple
At the beginning of last year, Brian Armstrong wrote in “What will happen to cryptocurrencies in 2020? ” “This article said
“No one can accurately predict the future. The best way to predict the future is to create the future. (No one can predict the future with much accuracy, but one way to predict it more accurately is to invent it)
In the summer of 2021, in the article “Coinbase Embraces Decentralization”, Brian Armstrong found three ways for Coinbase to create the future:
- Launch more compliant crypto assets
- The globalization of the encryption economy
- Build an encrypted application DApp store
