{"id":10966,"date":"2021-08-13T17:54:07","date_gmt":"2021-08-13T17:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/coinbase-aims-to-be-the-amazon-of-crypto-ceo-says-exchange-wants-to-list-all-legal-crypto-assets\/"},"modified":"2021-08-13T17:54:07","modified_gmt":"2021-08-13T17:54:07","slug":"coinbase-aims-to-be-the-amazon-of-crypto-ceo-says-exchange-wants-to-list-all-legal-crypto-assets","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/coinbase-aims-to-be-the-amazon-of-crypto-ceo-says-exchange-wants-to-list-all-legal-crypto-assets\/","title":{"rendered":"Coinbase Aims to Be the \u2018Amazon\u2019 of Crypto, CEO Says Exchange Wants to List All Legal Crypto Assets"},"content":{"rendered":"

The Nasdaq-listed cryptocurrency exchange Coinbase says that it wants to be \u201cthe Amazon of assets\u201d and list every legal crypto asset out there. The company has outlined two major long-term trends affecting its business.<\/strong><\/p>\n

Coinbase Wants to List All Legal Cryptocurrencies<\/h2>\n

Coinbase revealed its plan during the Q2 2021 earnings call Tuesday. CEO Brian Armstrong explained: \u201cWe at Coinbase always think about longer-term cycles of crypto \u2026 We\u2019re always looking at the long-term trends.\u201d He described two key trends affecting Coinbase.<\/p>\n

\u201cThe first one is that we\u2019re continuing to see this trend of people using crypto for more and more things beyond trading,\u201d Armstrong detailed. He added that \u201cFor example, we now have 1.7 million users doing staking in crypto, which is a way to earn a yield on your assets.\u201d<\/p>\n

The CEO continued, \u201cThe second big trend we\u2019re seeing is this idea of Coinbase embracing decentralization,\u201d elaborating:<\/p>\n

We want to be the Amazon of assets, list every asset out there in crypto that\u2019s legal. There are thousands of them today. There are eventually going to be millions of them. This is all under the theme of embracing decentralization.<\/p>\n

Armstrong emphasized: \u201cWe have a very rigorous process we\u2019ve created on the compliance and the legal and cybersecurity evaluation of these assets to make sure they comply with those standards, but once we get comfortable with that, we want to list various assets that meet those listing criteria.\u201d<\/p>\n

He further noted: \u201cBitcoin and ethereum still make up about 50% of our trading volume and the other 50% is the long tail of all the other assets that we support. No single one of those long-tail assets accounts for more than 10% of our trading volume so it\u2019s really starting to become quite a diverse set of assets out there.\u201d<\/p>\n

<\/p>\n

The Coinbase executive mentioned that in the second quarter, his platform listed 22 new coins, including dogecoin (DOGE). He opined:<\/p>\n

Our overall approach is we\u2019re agnostic about which assets are going to win, we really just want to support every asset that\u2019s legal for our customers.<\/p>\n

In Q2, the company raked in $2 billion and formed partnerships<\/a> with notable people and companies including Elon Musk, Spacex, and PNC Bank. At the end of June, the company said it wanted to launch an Apple-like app store<\/a> for cryptocurrencies.<\/p>\n

What do you think about Coinbase\u2019s plan to become the Amazon of crypto? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nExchanges, amazon of assets, amazon of crypto, Brian Armstrong, Coinbase, coinbase agnostic, coinbase amazon, coinbase doge, coinbase dogecoin, Coinbase Listing, crypto assets<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nasdaq-listed cryptocurrency exchange Coinbase says that it wants to be \u201cthe Amazon of assets\u201d and list every legal crypto asset out there. The company has outlined two major long-term trends affecting its business. Coinbase Wants to List All Legal Cryptocurrencies Coinbase revealed its plan during the Q2 2021 earnings call Tuesday. CEO Brian Armstrong…<\/p>\n","protected":false},"author":0,"featured_media":10967,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10966"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10966"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10967"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}