Brian Armstrong: the cryptocurrency ecosystem will increase tenfold

According to TechCrunch, Coinbase CEO Brian Armstrong believes that in five years the number of people in the cryptocurrency ecosystem will grow from the current 40 million to 1 billion.

In his interview with TechCrunch, Armstrong suggested that the cryptocurrency ecosystem and the total number of digital currencies will grow significantly as many commercial organizations develop their own tokens. Armstrong explained: "Creating your own token is an obvious way to increase the capitalization of a company. Every open source project, every charity, potentially every foundation or every decentralized organization or application will have its own token."

The CEO believes that one of the decisive factors for such a future is the "big open question of regulations." He noted that it is still unknown whether most tokens will be recognized as securities. He said the Coinbase team believes “a lot of them will qualify as securities.”

Brian added that Coinbase can process hundreds of tokens within a year, and potentially millions of tokens in the future. In order to become a fully regulated broker-dealer and “offer services that include crypto asset trading, margin and over-the-counter trading,” Coinbase acquired broker-dealer Keystone Capital Corp., as well as Venovate Marketplace, Inc., and Digital Wealth LLC. These acquisitions will help the company significantly expand its services in non-cryptocurrency areas. 

Yesterday, the Coinbase exchange announced the launch of four more trading pairs with the pound sterling (GBP). UK users will now be able to trade altcoins such as Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH), in addition to their existing Bitcoin.  

According to cointelegraph.com