Cryptocurrency will not thrive without digital exchanges. Without these platforms, selling, buying, or trading digital coins will not be possible. It's also deemed that these sites could conduct safer and smoother transactions among all crypto users.
Of course, one of the most popular crypto exchanges at the moment is Coinbase. This leading platform is where investors build their investment portfolio and it's a good place to learn more about crypto news worldwide.
In this article, we'll get to know the man behind Coinbase and how he established a huge name in the crypto business.
Meet Coinbase CEO Brian Armstrong
OCTOBER 23: Brian Armstrong, cofounder and CEO of Coinbase speaks onstage during 'Tales from the Crypto: What the Currency of the Future Means for You' at Vanity Fair's 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 23, 2019 in Beverly Hills, California.
According to a report by NPR.org, Brian Armstrong's plans to become a tech boss can be traced back to his high school days. In his early life, he already set up his mind to become a technopreneur (short for tech entrepreneur).
At first, he tried to enter a "serious" venture in the form of a tutoring website. However, the plan faltered and did not go according to his plans. But, that became his inspiration to be more persevered for his next plans.
Sometime in 2010, he surprisingly explored Silicon Valley in hopes of seeking a potential job and later discovered something that piqued his curiosity.
Fortunately, he came up with the idea of becoming more interested in Bitcoin. It became his obsession afterward.
For that, he created a prototype for the BTC wallet which a well-known Y Combinator program acknowledged. This marked as the gleaming beginning for his Coinbase company after.
Amid reports about the volatility of cryptos and unreliability, Armstrong remained committed to creating Coinbase as a strong market for digital coins. Slowly, he proved that the startup can compete and gradually found its way out to the surface.
As of press time, Coinbase continues to serve over 7 million users monthly. It was included that more than 80 digital coins are being traded on this platform. About 2,700 employees are operating on this company which still lacks physical presence up to this date.
Related Article: Meet Grab CEO Anthony Tan | #TechCEO
Brian Armstrong on His Way to Billionaire Spot
In another report from CNN, the Coinbase head joined the ranks of the billionaires back in April 2021. At that time, the valuation of the platform hit about $100 billion.
This very instance transformed Armstrong into an "instant" billionaire. Interestingly, he had 40 million shares which had reportedly grown to over $16 billion.
Although he's not that "high-profile" like other tech CEOS, Armstrong remains consistent on his venture. According to the publication, if the platform plans to go public, there's a chance that Armstrong could be included in the top 250 billionaires per Bloomberg's Index.
In another #TechCEO report, read our January feature article about Adobe CEO Shantanu Narayen.
Read Also: #TechCEO: Vodafone CEO Nick Read On Why European Telcos Need To Team Up For The Future
This article is owned by Tech Times
Written by Joseph Henry
