The encryption market will be 100x with more companies joining

Coinbase CEO Brian Armstrong issued an open invitation to legitimate companies to join the encryption industry, saying this is the key to expanding the scope of encryption in the backbone of the global financial system.

In response to a post by why Fi (Loganb.sui), pushed Armstrong to the back against concerns about increasing competition in the market. With Logan’s praise of Coinbase’s contributions to industry survival and growth, Armstrong stressed that the broader participation will not weaken Coinbase, but rather grows the entire sector significantly.

“I appreciate the kind words, but I think you are wrong in the market,” Armstrong replied. “I prefer to get every legitimate company now in Crypto. This will 100x Tam [total addressable market] When Crypto becomes the backbone of the entire global financial system – from capital markets, to payments, to debt, etc.

Armstrong stressed that Coinbase will continue to lead the industry by providing the most trusted and easy -to -use products, which were built during years of exclusive focus on encryption.

“Coinbase will continue to drive as a major financial account for anyone in Crypto, with the most trusted and easier to use products, and deep experience in Crypto as our only focus was from the beginning,” said Armstrong.

Logan b. The role of Quebies in forming the industry

The conversation began after Logan has published a detailed interconnection index recognized by Coinbase over the past four years, especially on the legal and political front. Logan highlighted how Coinbase – unlike many other main players – maintained organizational compliance, avoid scandals, and worked to build confidence between institutions and the public.

Coinbase’s Coinbase with a permanent company against organizational pressure from the management of former SEC president Gary Gainer. Instead of exploiting the “gray zone” that was present after the fall of many competitors, Coinbase chose a more difficult way: pressure in Washington, educating voters, and fighting for the future of industry.

“Instead of existence and prosperity in this relatively unstable gray area created by Gensler’s SEC, they led a tremendous effort to raise awareness to the capital, a sharp educational campaign for voters, and they fell strongly to SEC constantly.”

Logan also pointed out that although Coinbase’s efforts helped enter a more friendly organizational environment and put the way for the next stage of growth in the industry, it is possible that it will lead to further competition for the same currency base.

He concluded to emphasize the luck of the industry that it was Queens-Brian Armstrong-and they did not fail players such as Samankman’s CEOs or Ripple of FTX, who represent an embarrassing time.

“Regardless of your ideas about CB or Base, Cotters Conons, UX, etc., thank your lucky stars, it was Coinbase and Brian Armstrong, not FTX and SBF or Ripple comrades who faced this option,” Logan wrote.

Armstrong’s comments reflect a broader philosophy: the cultivation of the entire ecosystem is more important than maintaining the share of any company in the market for any one company. With the improvement of organizational clarity and institutional players increasingly with encryption, the industry is preparing for great expansion.

Coinbase, who survived the major organizational storms and has appeared stronger, is now ready to embrace a much larger global encoding economy, but it is much larger.

Also read: Coinbase Clo applauds the court ruling in the Tornado Cash case