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 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 can reduce friction in account registration, is accessible globally, and can scale via software, rather than requiring regulated entities and local teams in every country. He also noted that AI agents adopting self-custody are better suited to access funds and complete tasks, and that self-custody is important for economic freedom even in developed countries.
Former Base head Jesse Pollak previously announced his resignation, handing over control of Base to Jordan Fish. Pollak said that Base will be built as a global financial blockchain. Under Cobie's leadership, Base will shift focus to three core areas: trading, payments, and agents.
Armstrong stated that self-custody can reduce friction in account registration, is accessible globally, and can scale via software, rather than requiring regulated entities and local teams in every country. He also noted that AI agents adopting self-custody are better suited to access funds and complete tasks, and that self-custody is important for economic freedom even in developed countries.
Former Base head Jesse Pollak previously announced his resignation, handing over control of Base to Jordan Fish. Pollak said that Base will be built as a global financial blockchain. Under Cobie's leadership, Base will shift focus to three core areas: trading, payments, and agents.
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