Techub News Report, according to Cointelegraph, Coinbase CEO Brian Armstrong stated during the first quarter earnings call that the global economy is shifting onto the blockchain, and the company is committed to transforming from a spot crypto platform into a trading venue that supports any asset class. Despite the company's stock price dropping over 14% this year and laying off about 700 employees, he remains optimistic, believing that the weak performance of spot crypto assets is just a transitional phenomenon. As the business diversifies, the company will enter a more stable growth trajectory.

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