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Coinbase CFO: ‘Crypto Will Enable New Transactions That We Can’t Even Envision Today’

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On Thursday (May 13), the day that Coinbase (NASDAQ: COIN) reported its Q1 2021 earnings, CFO Alesia Haas talked to Jim Cramer on CNBC’s “Mad Money”.

Below are a few highlights from that interview.

Cryptoassets Investors Are Buying

Typically, the first coin that people are interested in is bitcoin… The other crypto assets on the platform are seeing an increasing volume in trading assets on our platform, and so we think over time more and more users are getting engaged with more and more crypto assets and that’s what we’re excited to see.

Crypto Regulation

We’ve leaned into regulation since we were founded. Our founders, Brian and Fred, early on believed that to be the most trusted, we needed to have regulation in crypto. So, yes, we like partnering with regulators. We want there to be a level playing field and we embrace regulation. We think it’s a benefit to our business and not a burden.

Future Products and Services

We hope to be the primary financial account in the crypto economy and engage our users with all the transaction types, some that you mentioned, some that we’re very familiar with in a typical fiat system — credit cards, loans, deposit accounts, but also new. I mean, we have staking, we have governance. I think that crypto will enable new transactions that we can’t even envision today.

Listing More Cryptoassets

We want to offer all assets that meet our listing standards and we hope to be the place where you can come and trade anything that you want to trade. That is not the case today. We are slow. We need to add more assets. We’re making big investments to improve the speed of our asset addition, but clearly, the market is speaking.

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