Coinbase, cryptocurrency, and government regulation

investing
Written By James Williamson

Brian Armstrong is the CEO of Coinbase. He talks to Lex Fridman about bitcoin, cryptocurrency and regulation.

Brian Armstrong is the chief executive of Coinbase Global, the largest cryptocurrency exchange in the United States.

  • A former Airbnb software engineer, Armstrong cofounded Coinbase in San Francisco in 2012 with former currency trader Fred Ehrsam.

  • Coinbase went public in a direct offering on Nasdaq on April 14, 2021, briefly reaching a market capitalization of $100 billion.

  • Armstrong owns a stake of about 19% in Coinbase, which earned $322 million in profits on nearly $1.3 billion revenue in 2020.

  • Cofounder Fred Ehrsam left the company in 2017 but still owns 6% and serves on the board of directors; he's also a billionaire.

source: Forbes

James Williamson
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