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 to bring the open financial system to over 1 billion users. He pointed out that alternatives like the Coinbase App work well in developed countries with clear regulations, but the United States accounts for only 4% of the global population.
Armstrong stated that self-custody reduces friction in account registration and onboarding, is available globally, and scales through software rather than establishing regulated entities and local teams in every country. He also noted that AI agents using self-custody forms are better suited for accessing funds and completing tasks, and that self-custody is important for economic freedom even in developed countries.
Jesse Pollak, former head of Base, 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 directions: trading, payments, and agents.
Armstrong stated that self-custody reduces friction in account registration and onboarding, is available globally, and scales through software rather than establishing regulated entities and local teams in every country. He also noted that AI agents using self-custody forms are better suited for accessing funds and completing tasks, and that self-custody is important for economic freedom even in developed countries.
Jesse Pollak, former head of Base, 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 directions: trading, payments, and agents.
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