Speaking during the company’s fourth-quarter 2024 earnings call on February 13, he predicted that up to 10% of global gross domestic product (GDP) could rely on blockchain-based systems by 2030.
Armstrong compared the shift to how businesses had to adapt to the internet in the early 2000s. He said, “On-chain is the new online”.
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He sees Coinbase playing a central role in this transition, stating:
Coinbase is going to be the preferred partner to come in and build this for many of the companies out there.
The company’s latest earnings report supports this confidence, showing $2.3 billion in revenue for the fourth quarter—an 88% increase from the previous quarter.
Armstrong pointed to the US as a driver of crypto adoption. He noted that “President Trump is moving fast to fulfill his promise of making the US the crypto capital of the planet”. He also highlighted the current political climate, saying the US has “the most pro-crypto Congress” the company has seen.
Looking ahead, Armstrong outlined Coinbase’s priorities, which include expanding revenue from existing products, improving the usefulness of crypto in growing industries, and laying the groundwork for long-term development.
Recently, Coinbase acquired Spindl, a company focused on measuring and improving on-chain advertising. Why? Read the full story.
