Brian Armstrong

We got flying cars, now it's time we get a modern financial system. Let me Coinbase-pill you for a minute. Financial services is a massive industry. All fintech companies combined capture about 4% of total global financial-services revenues, while traditional financial-services companies account for the remaining ~96%. Yet the financial services industry is going through two massive technological shifts right now with crypto and AI. This is our opportunity, and the transformation is happening fast. Crypto is replacing the rails: stablecoins let anyone move money anywhere, instantly and almost free; tokenization lets anyone own any asset; and onchain markets let them trade it around the clock. AI is replacing the interface: agents will increasingly research, decide, execute, and pay on behalf of people and businesses, putting a capable financial expert in everyone's pocket that can act for you, not just advise you. Together they can give every person and business the financial power that used to belong to a few. Coinbase exists to make that happen in a way people can trust. Coinbase is using these frontier technologies to build the best modern financial account. Crypto rails, AI interface. Trading, payments, saving, borrowing, etc all in one. We just released our Q3 earnings, and we set product records across the board despite the tough market. And I’m seeing signs that the market is turning. Some Q3 highlights: - We store more crypto than anyone in the world - We have a global regulatory foundation with 80+ licenses - 14th consecutive ATH of average USDC in CB products - 5th consecutive ATH in CB1 subs Best of all, the everything exchange is working. The progress since we announced last year has been awesome: - 4th quarter of crypto trading volume market share gains, nearly doubled since this time last year - $200M+ annualized revenue from prediction markets in Q3, one of our fastest growing products by revenue in history! With >60% daily trader growth QoQ Jobs not finished until the entire financial system is updated with these frontier technologies.

Turns out AI agents have feature requests too - a lot of them. We’re getting hundreds, some of which are becoming product updates in under 24h. Your agent can use the /feedback endpoint in Coinbase for Agents. If it needs anything to make its life easier, we’ll work on it.

Bermuda has been forward-thinking on crypto for years, combining openness to innovation with high regulatory standards. They're ahead of the curve, thanks to @BermudaPremier's leadership. Earlier this year they announced the aim to become the world's first fully onchain national economy, with support from Coinbase and Circle. So on my latest trip I went to see the progress for myself. Local businesses are accepting USDC, and the onchain economy is working

The way to combat AI cybersecurity attacks is to use more AI on defense.

Trusted custody is essential for bringing more of the financial system onchain. Coinbase National Trust Company is another step for building that foundation.

Publicly funded science should work more like open source software. Today a result is a PDF. The data often isn't shared, the code isn't public, and few studies ever get replicated. Imagine every experiment as a repo. Data, code, and protocol, all versioned. Anyone could fork it, rerun it, and send a fix. Funders could reward replications as much as new papers. AI makes this urgent. Agents are now making more discoveries than ever. The bottleneck becomes replication/validation. Then commercialization, which still requires moving atoms in the real world and meetings with regulators.

I've changed how I work over the last few weeks. I now have one lead agent for each area of focus, running all the time, and a chief of staff agent that oversees them. Each lead manages its own sub-agents that write code, test it, chase reviews, and coordinate with team members. Everything I need to decide or review comes into one prioritized queue, a simple local web app. Each product review includes screenshots and a video demo of the feature. I clear the queue in batches, mostly by voice and keyboard shortcuts. The leads also bring back ideas I hadn't considered. Working from one queue, instead of switching between dozens of chats, has cut a lot of mental overhead. The system keeps learning my preferences and distilling my judgment into a "Brian brain," so its recommendations and first drafts get better before they reach me. The goal is fewer corrections per change. Every change still goes through the same human review and security checks. It is eliminating tasks, not human judgment. What an exciting time to push the frontier of productivity, especially as we build the economy for agents (agentic finance). We should all keep pushing in this direction.

I'm spending a lot of my own time on Coinbase app quality right now. There are lots of pieces that add up: instances where it's unclear why funds are on hold, making it simpler to get through ID checks, app startup times/speed, an error that doesn't tell you what went wrong, a button that leads to a dead end. Fixes are rolling out over the next few releases. If something in the app frustrated you recently, reply and tell me. My agents and I are reading them.

As a public company CEO, I'm pro tokenization of our stock for a simple reason: I want more people to own it. Why would I alienate a potential new category of shareholders? It's just bad business. Meet the customer where they are.

Tokenized stocks are an important innovation for democratizing access to high quality investments globally and 24/7 trading. But they may also unlock new utility that wasn't possible before in tradfi. @base is hosting a competition for teams that want to innovate in this area

The everything exchange keeps growing - for humans and agents.

Stablecoins give everyone in the world the ability to hold dollars (and many other major fiat currencies), and send them instantly anywhere in the world for less than 1 cent.

Ok interesting

Everyone can express their own opinion in a free society, even an idiotic one. It helps us know how dumb someone is. But calling for political violence against other Americans crosses a line that we shouldn't tolerate.

If $2M isn’t enough, I’ll throw in one extra thing: I’ll host a dinner with some of the top traders at the end of this competition. We’ll pay for your travel. Good luck!

Security is never done. It's always good to use these moments to harden our systems further, put in new checks and controls, and utilize the latest agents on defense before they get used against us on offense.

Unifying global liquidity! Something Coinbase can uniquely do. Starting today, U.S. institutions can access crypto options and perps through a global liquidity pool on Coinbase Prime.