September 27, 2020

Coinbase Earned Nearly $ 2 Billion in Commissions

Coinbase Earned Nearly $ 2 Billion in Commissions

Coinbase CEO Brian Armstrong said that since its launch earned $ 2 billion in commissions.

We invest most of the profit back in the business to develop new products.

Armstrong also noted that he does not understand why regulators in the US are so negatively inclined towards the Libra project.

There are many people in the world who do not have access to banking services. I hope the US authorities let these innovations happen, even though they are being developed by Facebook.

Coinbase is one of the 21 companies that have remained with the Libra project after other major members left the association.

Armstrong had previously criticized US senators for forcing Stripe, Mastercard, and Visa to leave Libra Association. He declared:

This is very un-American when senators write letters to companies, forcing them to leave the project.

According to the materials cointelegraph.com