Coinbase’s (COIN) Brian Armstrong Urges Wall Street Not to Get ‘Left Behind’
Coinbase (COIN) is partnering with some of the largest banks in the U.S. on pilot programs involving stablecoins, crypto custody and trading, CEO Brian Armstrong said Wednesday at the New York Times DealBook Summit.
“The best banks are leaning into this as an opportunity,” Armstrong said during a discussion alongside BlackRock CEO Larry Fink. He did not name specific banks. “The ones who are fighting it are going to get left behind.”
The announcement suggests a quiet but growing embrace of crypto infrastructure by mainstream financial institutions, even as the broader market remains under tight regulatory scrutiny. Stablecoins — digital tokens backed by cash or cash-like assets — have become a central focus for banks exploring…
