Based by Armstrong in 2012, Coinbase helps customers purchase, promote, and retailer cryptocurrencies, resembling bitcoin and ethereum. His firm has lately grew in recognition following the rise in curiosity of cryptocurrencies — significantly bitcoin, which has soared through the pandemic.
Coinbase says it has greater than 35 million clients in over 100 international locations, with greater than $25 billion in property on the platform and greater than $320 billion in complete quantity traded.
But Armstrong is not as high-profile the corporate he controls. The 38-year-old was beforehand a software program engineer at Airbnb for a few 12 months starting in 2011. Previous to that, he was CEO and founding father of UniversityTutor.com, a web-based tutoring listing for almost a decade. He is obtained a grasp’s diploma in laptop science at Rice College.
Armstrong is lively on Twitter with about 550,000 followers. He rarely speaks publicly — in reality, it was Coinbase Chief Monetary Officer Alesia Haas, not Armstrong, that spoke with CNN in regards to the firm’s public debut.
If Coinbase’s public debut goes as deliberate, Armstrong will enter inside the prime 250 of the Bloomberg’s Billionaire Index.