May 16, 2019
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Bitcoin [BTC] and other cryptos need institutional investors to grow & mature, says Coinbase’s Armstrong

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Brian Armstrong, Co-founder and CEO of Coinbase, recently spoke about the need for institutional investors in the cryptoverse and why institutional investors matter a great extent to Coinbase, during Blockchain Week in New York City.

Armstrong revealed that initially, Coinbase was launched as a retail brokerage platform. However, the firm soon realized that for the cryptocurrency industry to mature and grow, institutional investors had to start investing their money in the cryptocurrency market, he added. The CEO further said that around 90 percent of the money around the world was linked to institutions, adding that “it’s not just retail.”

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AMBCrypto · News

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