TechFlow news — On January 16, according to Fortune, cryptocurrency exchange Coinbase is set to compete with traditional financial institutions such as Charles Schwab, Fidelity, and Robinhood. Coinbase CEO Brian Armstrong stated that the company is implementing an "all-in-one exchange" strategy and plans to support trading of diverse assets including stocks and prediction markets in the future.
Armstrong emphasized that Coinbase holds a unique advantage in bridging traditional finance and cryptocurrency, and expressed optimism about the long-term development of tokenized stocks. He anticipates blockchain-native stocks will begin emerging within the next two years, likely adopted initially by startups. Currently, Coinbase's stock trading feature is available to only a small group of users, but the company plans to roll it out to all customers in the coming weeks, with back-end operations supported by Apex Fintech Solutions.
Armstrong also expressed his hope that Coinbase will become the first company to distribute shareholder dividends in Bitcoin.
