Brian Armstrong, a co -founder and CEO of Coinbase (COIN)said in an interview on Friday that Coinbas’s long -term goal is to be an economical “super app” that offers Crypto along with a wide range of financial services beyond traditional banking.
Armstrong, who was talking about Fox Business’ “The Claman Countdown,” Liz Claman said that Momentum in Congress is the strongest he has seen, with legislators from both parties promoting the framework for industry. A trait that increases Coinbases Momentum to build the Super app.
He explained how his company wants to turn to the construction during the interview.
Coinbase intends to integrate services that people typically get from banks and fintechs and deliver them on crypto rails. He pointed to a newly launched Coinbase Credit card that pays 4% back in Bitcoin as an early example and argued for map network ‘2% –3% swipe fees show why payments need a revision.
The long -term goal, he said, is a comprehensive application that handles expenses, savings, payments and investments, not just trading.
Armstrong explicitly spelled the ambition: “We want to be a bank replacement for people we want to be their primary financial account,” adds that Coinbase aims to “provide all types of financial services”, not just crypto. He agreed with the framing that this is equivalent to becoming a super app and said that crypto rails make it possible by offering faster, cheaper settlement.
Washington and big banks
According to Armstrong, the path to the Super app starts with legislators.
He pointed to the recent passage of the “Genius Act” that established rules for stablecoins, and a separate market structure bill now under debate in the Senate that would define how tokens like Bitcoin and Ether are regulated.
“This freight train has left the station,” Armstrong said, describing the growing Bipartisan interest in putting clear rules on the books. He argued that clarity could resolve many years of conflict with regulators under the previous administration, which often treated the crypto -tokens as unregistered securities.
Despite the historical push of the legislators to help set a regulatory framework, one last obstacle must be cleared: the lobbying business of large banks.
Some institutions, he explained, has tried to limit reward programs on stableecoins and claim that they would undermine the traditional payments. Armstrong rejected these concerns and said that crypto rewards do not differ from the airline’s miles or credit card points.
“American consumers want to make more money on their money – it should be completely allowed,” he said.
While criticizing lobbying for blocking competition, Armstrong also emphasized that Coinbase partners with larger banks such as JPMorgan and PNC for delivering custody and payments showing that parts of the sector embrace crypto rails.
Staying in front of rivals
While building a super app is a monumental task that has gained momentum, Coinbase still has to look for rivals that may be fighting for market share.
However, Armstrong is not worried; Rather, he welcomes the competition.
With new exchanges that enter the US market, including platforms launched by Gemini and others, Armstrong Coinbase said benefits from his lead. He argued that a thriving ecosystem is important for mainstream -admission, and Coinbase’s advantage comes from trust.
According to Armstrong, Coinbase now stores more crypto than any other provider, which encourages customers to use their wider package of services from trade to payments. He said the ambition is not only to facilitate transactions, but eventually become the platform people use as their “primary financial account.”
Armstrong’s “Primary Account” vision repeats remarks from Robinhood CEO Vlad Tenev, who asked on All -in Summit 2025, “Can we be your extensive financial platform?” And outlined banking and wealth functions as steps against this goal, according to a report from Business Insider, published on September 15. The comparison suggests that more American fintechs want to expand beyond trade to everyday finance.
Bitcoin Outlook
The interview also affected the wider market.
Armstrong avoided short -term predictions, but said he sees “a good chance” that Bitcoin could reach $ 1 million by 2030.
He quoted three major tail winds: Legislative clarity, the creation of an American strategic Bitcoin reserve and heavy inflows in the newly launched Bitcoin ETFs, of which 80% are dependent on the coin base for custody.
He compared Bitcoin’s role in portfolios with a hybrid of gold and stocks and noted that many investors now consider it both a hedge against uncertainty and a long -term growth asset.
