reserve banking
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Coinbase Considers Alternative Banking Model
According to reports, Brian Armstrong, the CEO of Coinbase, said in response to Ryan Lacey, the chief strategic officer of Evertas, a crypto asset insurance company, that after the collapse of the Silicon Valley bank, Coinbase considered selecting a “high net worth+new commercial bank” model, “transferring assets to community banks and reserves”, but needed to provide more functions, such as fund wire transfer outbound, multi-user support, etc, Brian Armstrong also said that “non-partial reserve banking” now looks more attractive. Coinbase CEO: considered “transferring assets to community banks and reserves” Analysis based on this information:Coinbase is a digital currency exchange platform that allows users to buy and sell various cryptocurrencies. It has been on top of the market since its establishment in 2012, and it still continues to be a leading digital currency exchange today. However, like any business, it has faced its fair share of challenges, particularly in the area of banking. Brian Armstrong, the CEO of Coinbase, recently revealed…
