Coinbase CEO: Plans to become the world's largest Financial Service app within 5 to 10 years.

According to Techub News, CNBC reported that Coinbase CEO Brian Armstrong stated during the quarterly earnings call that the company plans to become the number one financial service application among global customers within five to ten years. Brian Armstrong mentioned that Crypto Assets are encroaching on Financial Services, and money market funds, real estate, securities, and debt will all enter the Blockchain space. Coinbase is committed to achieving this goal by expanding its product line, promoting globalization, and strengthening Compliance. The company is currently diversifying its services, including stablecoin payments, Crypto Assets lending, custody services, and derivatives trading. Stablecoins have become Coinbase's largest revenue driver aside from trading, with Q1 stablecoin-related revenue soaring 50% compared to the same period last year, and up 32% compared to the fourth quarter.