Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business
Coinbase CEO Brian Armstrong stated that major banks now perceive cryptocurrency as an "existential" threat to their traditional business models. He highlighted that the rise of digital assets is prompting banks to reconsider their strategies and adapt to the changing financial landscape. Armstrong emphasized the growing acceptance of crypto among consumers and businesses, which could further disrupt conventional banking. He also noted that banks are increasingly recognizing the need to innovate in order to compete with the burgeoning crypto market.
Read the full article: CoinDesk