Coinbase CEO Brian Armstrong recently made a bold statement about the company’s growth and success. In a recent blog post, Armstrong stated, “If you think of us more like a brokerage, we’d be the 8th largest brokerage today by AUM.” This statement highlights the incredible growth and impact that Coinbase has had in the world of cryptocurrency.

Founded in 2012, Coinbase has quickly become one of the leading cryptocurrency exchanges in the world. With over 68 million verified users and $223 billion in assets on the platform, it’s no surprise that Armstrong compares the company to a major brokerage firm. In fact, if Coinbase were to be classified as a brokerage, it would rank as the 8th largest in terms of assets under management (AUM).

But what sets Coinbase apart from traditional brokerages is its focus on digital assets. While most brokerages deal with stocks, bonds, and other traditional investments, Coinbase specializes in cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This unique approach has allowed the company to tap into a rapidly growing market and establish itself as a leader in the industry.

In addition to its impressive growth and success, Coinbase has also been at the forefront of innovation in the cryptocurrency space. The company was the first to offer a Bitcoin debit card and has continued to introduce new features and services to make buying, selling, and storing digital assets easier for its users.

Armstrong’s comparison to a brokerage not only showcases Coinbase’s achievements but also highlights the potential for further growth and expansion in the future. As more and more people turn to digital assets as a form of investment, Coinbase is well-positioned to continue its upward trajectory and solidify its position as a major player in the world of cryptocurrency.