Coinbase CEO: Self-custody is the only way for crypto to reach over 1 billion users
2026-07-18 20:33
Odaily Planet Daily News: Coinbase CEO Brian Armstrong stated that self-custody wallets are the only way for the open financial system to reach over 1 billion users. He pointed out that alternatives such as the Coinbase App work well in developed countries with clear regulations, but the US accounts for only 4% of the global population.
Armstrong stated that self-custody can reduce the friction of account opening and registration, be available globally, and scale through software, rather than establishing regulated entities and local teams in every country. He also noted that it is more suitable for AI agents using self-custody forms to access funds and complete tasks. Even in developed countries, self-custody is important for economic freedom.
Former Base lead Jesse Pollak previously announced his resignation and handed over Base to Jordan Fish. Pollak stated that Base will be built as a global financial blockchain. After Cobie takes over, Base will shift its focus to three core areas: trading, payments, and agents.
Armstrong stated that self-custody can reduce the friction of account opening and registration, be available globally, and scale through software, rather than establishing regulated entities and local teams in every country. He also noted that it is more suitable for AI agents using self-custody forms to access funds and complete tasks. Even in developed countries, self-custody is important for economic freedom.
Former Base lead Jesse Pollak previously announced his resignation and handed over Base to Jordan Fish. Pollak stated that Base will be built as a global financial blockchain. After Cobie takes over, Base will shift its focus to three core areas: trading, payments, and agents.
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