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.
