Coinbase CEO: Self-Custody Is the Only Way to Bring Crypto to Over 1 Billion Users
2026-07-18 20:33
According to Odaily, Coinbase CEO Brian Armstrong stated that self-custody wallets are the only way to enable an open financial system to reach over 1 billion users. He noted that alternatives like the Coinbase App work well in developed countries with clear regulations, but the United States only accounts for 4% of the global population.
Armstrong said that self-custody can reduce friction in account opening and registration, be available globally, and scale through software rather than establishing regulated entities and local teams in every country. He also pointed out that AI agents using self-custody forms are more suitable for accessing funds and completing tasks, and even in developed countries, self-custody is important for economic freedom.
Former Base leader Jesse Pollak previously announced his resignation, handing 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 said that self-custody can reduce friction in account opening and registration, be available globally, and scale through software rather than establishing regulated entities and local teams in every country. He also pointed out that AI agents using self-custody forms are more suitable for accessing funds and completing tasks, and even in developed countries, self-custody is important for economic freedom.
Former Base leader Jesse Pollak previously announced his resignation, handing 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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