Regulation is one of the biggest risks when it comes to the cryptocurrency business, Coinbase CEO Brian Armstrong told CNBC.
“It’s just about cybersecurity,” Armstrong said in an interview with Andrew Ross Sorkin that aired Wednesday morning. “And especially now that Coinbase is a public company, we will be increasingly critical of what we do and people will want to understand its implications.”
“And so we’re really happy to be in, just like we’ve been in the last 10, you know, really nine years since the start of the company, with everyone in DC and really legislators, policymakers around the world, because of course Coinbase is now in many different countries, on how we can build this industry and this business in the most thoughtful way, ”he added.
Coinbase will become the first major crypto company to go public in the US after entering the market via direct listing later in the day. The Nasdaq gave the company a reference price of $ 250 per share prior to the direct listing, which would value the cryptocurrency exchange at around $ 65.3 billion on a fully diluted basis.
“We are very excited and happy to play by the rules. And actually we ask that, hey, we want to at least be treated on that level playing field with traditional financial services and not get any kind of punishment for it. crypto space, ”Armstrong said.
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