Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business
During his trip to Davos for the World Economic Forum, Coinbase CEO Brian Armstrong shared that a top executive at one of the world’s 10 largest banks told him that crypto is now their “number one priority” — and that they view it as “existential.”
Armstrong’s post, shared on X, highlighted a shift in how legacy financial institutions are engaging with crypto. The remark underscores the growing urgency among traditional banks to adapt to crypto infrastructure, particularly as global regulators move closer to establishing clearer rules for digital assets.
Armstrong didn’t name the bank or executive, but said that many financial leaders he met during the weeklong event weren’t just open to crypto — they were…
