Coinbase CEO: Self-custody is the only way for crypto to reach more than 1 billion users

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Odaily Planet Daily News: Coinbase CEO Brian Armstrong said that self-custody wallets are the only way to bring an open financial system to more than 1 billion users. He noted that alternative solutions such as the Coinbase App work well in developed countries where the rules are clearer, but the United States accounts for only 4% of the global population.

Armstrong said that self-custody reduces onboarding friction, is available globally, and can be scaled via software rather than setting up regulated entities and local teams in every country. He also pointed out that AI agents adopting a self-custody format are better suited for accessing funds and completing tasks, and that even in developed countries, self-custody is important for economic freedom.

Former Base head Jesse Pollak previously announced his resignation and handed Base over to Jordan Fish. Pollak said that Base will be built as a global financial blockchain, and after Cobie takes over, Base will shift toward three core areas: trading, payments, and agents.

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