An exchange of cryptocurrencies The managing director of Coinbase Brian Armstrong predicts that the number of people in the cryptocurrency ecosystem will grow from the current 40 million to 1 billion over the next five years, TechCrunch reported on 7 September.
In an interview with TechCrunch, Armstrong designed that the cryptographic ecosystem and the total number of digital currencies will grow substantially, attributing growth to commercial organizations developing their tokens. Tokens would work, as reported, along with equity as an alternative investment system. Armstrong explained:
"It is logical that any company out there that has a table cap should have its own token.Each open source project, each charity, potentially each fund or these new app types of decentralized organizations [and] will have all their own tokens. "
Addressing the regulatory issue as one of the crucial factors for implementing his vision, Armstrong called it" a big open question "and noted that it remains to be seen whether part of the tokens will be recognized as titles. He said that Coinbase "feels that a substantial subset of these tokens will be titles".
Armstrong added that Coinbase could host hundreds of tokens within "years" and potentially "millions" in the future.
To become a fully regulated broker-dealer and "offer future services that include securities encryption, margin and over-the-counter trading", Coinbase has acquired the Keystone Capital Corp. securities dealer in addition to the Venovate Marketplace , Inc. and Digital Wealth LLC. The acquisition could help the company expand later in non-cryptographic financial products.
Yesterday, Coinbase announced that it would launch another four cryptocurrencies for the British pound (GBP). UK customers will now be able to trade Altcoin Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH) for GBP, in addition to the current Bitcoin (BTC).