According to ChainCatcher, analyst Kunal G reported that during Coinbase's first-quarter financial report analyst conference call, Coinbase executives revealed that the company's long-term strategy focuses on on-chain trading and international market expansion. CEO Brian Armstrong predicts that DEX will in trading volume surpass CEX, and plans to achieve front-end trading and on-chain settlement through Coinbase Wallet.
The company invests in multiple DEX projects through Coinbase Ventures while maintaining their decentralized attributes. Facing competition from traditional financial companies, Coinbase believes this will expand market space, and products like USDC will benefit.
Recently, Coinbase acquired Deribit options exchange with $10 billion in cash reserves and is advancing its US perpetual contract product. In terms of international markets, it has obtained an Argentine license and completed regulatory registration in India.
