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Coinbase aims to become the No. 1 financial service app in the world in 10 years, CEO says

1. Coinbase aims to be a leading financial services app by 2032. 2. Stablecoins are now a significant revenue driver for Coinbase. 3. Regulatory easing may boost crypto adoption by traditional financial institutions. 4. Coinbase's partnership with banks could enhance USDC's market position. 5. Armstrong envisions crypto as key technology for financial system modernization.

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FAQ

Why Bullish?

Coinbase's ambitions alongside regulatory easing hint at potential growth opportunities, similar to Bitcoin's performance spikes post regulatory clarity.

How important is it?

The article discusses developments in crypto adoption and regulatory changes that directly affect Coinbase's strategic positioning and revenue sources.

Why Long Term?

As traditional banks integrate crypto and stablecoins, the effects on Coinbase's business model may take years to fully materialize, akin to the gradual adoption of ETFs in traditional finance.

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