Coinbase CEO Owns More Ether Than Bitcoin

Brian Armstrong, the CEO of cryptocurrency wallet provider and exchange Coinbase, personally holds more Ether than bitcoin, according to the Fortune 40 Under 40 column.

“Armstrong, who now personally owns even more Ether than he does Bitcoin, is responsible for introducing much of America and beyond to cryptocurrency: The world’s largest exchange for trading digital currency, Coinbase’s customers have more than doubled in the past year, while trade volume in 2017 alone is roughly eight times last year’s total,” read Fortune’s profile of Armstrong.

For many years, Coinbase has played a vital role in facilitating the demand from general consumers for bitcoin, as a leading wallet service provider and exchange. In 2014, the company was valued at $400 million according to Pierre Rochard of the Nakamoto Institute, which was more than 10 percent of bitcoin’s market valuation at the time.

But, over time, Coinbase has started to diversify its services to include other blockchain networks like Ethereum, introducing innovative applications like Toshi, a browser for the Ethereum network that provides universal access to financial services.

In August, Coinbase officially introduced Toshi, its first mobile application for Ethereum, as the first external application outside of the main Coinbase wallet, trading platform, and the GDAX exchange. The concept behind Toshi was to create a WhatsApp-like application for mobile Ethereum users that enable anyone to send and receive payments with ease…

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