INSUBCONTINENT EXCLUSIVE:
Brian Armstrong, the CEO of cryptocurrency trading platform Coinbase, wants to take his company public — maybe on the blockchain.Onstage
at TechCrunch Disrupt SF 2018, Armstrong dished on his ambitions for the future of Coinbase
We are self-sustaining,& Armstrong said
&You know, we&ve been profitable for quite a while
We don''t have any plans to raise additional capital at this point, but never say never … Someday I&d love to run a public
company.Armstrong didn''t rule out going public on the blockchain
He said he even considered going public on his own platform.I think it would be very on mission for us to do that because, of course, we are
creating an open financial system,& he said
&Companies could list their stock, which are really tokens, and instead of a cap table, you tokenize the cap table
But I don''t have any decisions on that to share at the moment.Coinbase now supports buying and selling Ethereum ClassicAn innovative exit
would be very on-brand for Coinbase
As one of the earliest players in crypto-mania, the company has certainly had to make things up as it goes
It worked, as Armstrong said; the company is profitable and was the first-ever cryptocurrency startup to garner a billion-dollar valuation
Founded in 2012, Coinbase is backed by IVP, Spark Capital, Greylock Partners, Battery Ventures, Section 32, Draper Associates and more
The company was valued at $1.6 billion in August 2017 with a $100 million Series D last year.The financing was reportedly the largest-ever
for a crypto startup.Watch the full interview with Brian Armstrong below.
