Coinbase CEO Becomes Latest Crypto Billionaire
Brian Armstrong, the CEO of Coinbase, has joined the crypto billionaires’ club. A recent funding round has valued cryptocurrency startup Coinbase at $8 billion, making its CEO, Brian Armstrong, worth $1.3 billion USD.
The 35-year-old graduate of Rice University currently serves as co-founder and CEO of Coinbase, the largest cryptocurrency exchange in the United States.
With the company recently securing a $300 million funding round (which was led by Tiger Global Management), its value has hit an all-time high of $8 billion. This means that Armstrong has joined some of his compatriots in the “two comma club,” with his net worth skyrocketing to $1.3 billion.
Coinbase was launched in 2012 when Bitcoin was still a child and only a promise. Its headquarters are based in San Francisco and the company has more than 200 employees.
The company has expanded its features ever since the launch and went from a small San Francisco-based startup to a giant of the crypto industry for both the retail and institutional sectors. The company initially offered brokerage services for those intrigued by the potential of the Bitcoin world but ended up offering a lot more than that over time.
The exchange made a name for itself by offering a no-nonsense entry into cryptocurrency. By using the San Francisco-based startup’s brokerage service, those intrigued by digital assets can get exposure to them in a familiar way using a wide range of common deposit options.
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