TechFlow to a report by Fortune on January 16th, cryptocurrency exchange Coinbase will compete with traditional financial institutions such as Charles Schwab, Fidelity, and Robinhood. Coinbase CEO Brian Armstrong stated that the company is implementing a "full-service exchange" strategy, which will support diversified asset trading, including stocks and prediction markets, in the future.
Armstrong emphasized that Coinbase has a unique advantage in connecting traditional finance and cryptocurrency, and is optimistic about the long-term development of tokenized stocks. He predicts that blockchain-native stocks will begin to emerge within the next two years, initially likely adopted by emerging companies. Currently, Coinbase's stock trading functionality is only available to a small number of users, with plans to open it to all customers in the coming weeks. Backend operations will be supported by Apex Fintech Solutions.
Armstrong also stated that he hopes Coinbase will become the first company to pay shareholder dividends in Bitcoin in the future.
