Coinbase CEO: Cryptocurrency will be the next version of stocks and the internet

ChainCatcher news, Coinbase CEO Brian Armstrong stated that while most investors have heard of Bitcoin, it will still be the most important crypto asset, and many practical functions (such as stablecoin payments) are happening on Ethereum and Solana (with payment volumes expected to exceed $20 trillion this year). With the World and TON (integrated into Telegram applications outside the U.S.), many activities are occurring in emerging markets, along with DeFi tokens like Uniswap and layer two scaling tokens like Optimism.

Ultimately, every project, community, meme, and even individual/AI will have a token. Of course, once there is some regulatory clarity, there should be a compliant way to register crypto securities for those looking to raise funds for their businesses, making capital formation more efficient.

Therefore, cryptocurrencies will become the next version of the stock market and the internet, with millions of tokens. As cryptocurrencies continue to update the financial system, having a broad market index is an important component of financial infrastructure.