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Brian Armstrong Says Coinbase Custody Managing $1 Billion in Cryptocurrency

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Brian Armstrong, CEO of Coinbase, recently shared that his company’s custodian service is managing over $1 billion in cryptocurrency assets.

Speaking at Consensus, the Coinbase CEO revealed that the custodial portion of his U.S.-based exchange had received over $1 billion in cryptocurrency, marking a milestone development for the management of institutional and large capital investors. The comments were first reported by CoinDesk on May 15, as apart of the overall on-stage discussion that was recorded during the event.

Armstrong was asked by Wall Street Journal reporter and panel moderator Paul Vigna about the involvement of institutional investment in ...

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