Brian Armstrong: 1 billion people will be involved in the cryptocurrency ecosystem in the next five

Brian Armstrong, CEO of cryptocurrency exchange, Coinbase, predicted that the number of people involved in the cryptocurrency ecosystem will grow from the 40 million to 1 billion in the next five years, and the increase is mainly due to the commercial organization that issues tokens, which is constantly increasing. Armstrong believed that regulation is one of the key factors in achieving his goal and defined it as a big problem, pointing out that whether most tokens will be identified as security remains to be seen.

It was reported by TechCrunch on September 7 that Brian Armstrong, the CEO of crypto exchange Coinbase forecast that the number of participant involved in the cryptocurrency ecosystem will increase from the 40 million to 1 billion in the next five years.

In an interview with TechCrunch, Armstrong predicted that the number of people in the cryptocurrency ecosystem and the total number of digital currencies will increase substantially, mainly because of the increasing number of commercial organizations issuing tokens. It was reported that these tokens will be used as an alternative investment system as equity. Armstrong explained that any company with a shareholding structure should issue its own token. All the open source projects, charities, and perhaps even every fund or the new decentralized organizations and applications should have their own tokens.

Armstrong believed that regulation is one of the key factors in achieving his goal and defined it as a big problem, pointing out that whether most tokens will be identified as security remains to be seen. He admitted that a majority of tokens of Coinbase would be recognized as securities.

Armstrong added that Coinbase can host hundreds of tokens in a few years and may even host millions of tokens in the future.

In order to become a fully regulated broker dealer and provide future trading services including cryptocurrency securities, margin and over-the-counter trading, except for Venovate Marketplace, Inc and Digital Wealth LLC. Coinbase also acquired KeystoneCapital Corp, the securities dealer, which will help Coinbase subsequently expand its business to non-cryptocurrency financial products.

Besides, Coinbase announced that they would launch another four cryptocurrency transactions for the British pound (GBP). In addition to the existing Bitcoin currency, UK customers can now purchase Eth coin (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH) using the British Pound, which promotes the diversification of the trading in crypto exchange.