Brian Armstrong, the CEO of cryptocurrency buying and selling platform Coinbase, needs to take his firm public — possibly on the blockchain.
Onstage at TechCrunch Disrupt SF 2018, Armstrong dished on his ambitions for the way forward for Coinbase.
“We’re self-sustaining,” Armstrong stated. “You recognize, we’ve been worthwhile for fairly some time. We don’t have any plans to lift extra capital at this level, however by no means say by no means … Sometime I’d like to run a public firm.”
Armstrong didn’t rule out going public on the blockchain. He stated he’s even thought of going public on his own platform.
“I feel it might be very on mission for us to try this as a result of, after all, we’re creating an open monetary system,” he stated. “Firms may listing their inventory, that are actually tokens, and as an alternative of a cap desk, you tokenize the cap desk. However I don’t have any selections on that to share for the time being.”
An progressive exit can be very on-brand for Coinbase. As one of many earliest gamers in crypto-mania, the corporate has actually needed to make issues up because it goes. It’s labored, as Armstrong stated; the corporate is worthwhile and was the first-ever cryptocurrency startup to garner a billion-dollar valuation.
Based in 2012, Coinbase is backed by IVP, Spark Capital, Greylock Companions, Battery Ventures, Part 32, Draper Associates and extra. The corporate 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 complete interview with Brian Armstrong under.