Regulation is one of the biggest risks when it comes to the cryptocurrency business, Coinbase CEO Brian Armstrong told CNBC.
“It’s right up there with cybersecurity,” Armstrong said in an interview with Andrew Ross Sorkin aired Wednesday morning. “And especially now that Coinbase is a public company, we will have more and more control over what we do and people want to understand its implications.”
“So we’re very happy to be engaged, as we have been in the last 10, you know, really nine years since the company was founded, with everyone in DC and really parliamentarians, politicians from all over the world, because of course, Coinbase is now in many different countries, about how we can build this industry and this company the most carefully, ”he added.
Coinbase will become the first major cryptocurrency company to go public in the US after entering the markets through a direct listing later that day. Nasdaq offered the company a reference price of $ 250 per share before direct listing, which would estimate the cryptocurrency exchange at about $ 65.3 billion on a fully diluted basis.
“We are very pleased and happy to follow the rules. And, in principle, we just ask ourselves that, hey, we want to be treated on the same terms with at least traditional financial services and not have any punishment for being in the cryptographic space. “Armstrong said.
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