Brian Armstrong, a co-founder and the CEO of Coinbase (Coins)said to a interview It was Friday that Coinbase’s long-term goal was to become a financial “super app,” which offers crypto in conjunction with a wide range of financial services beyond traditional banking.
Armstrong, who speaks to Fox Business’ “The Claman Countdown,” Liz Caman told the momentum in Congress the strongest he has seen, including lawmakers from both parties advancing frameworks for the industry. A move that boosts Coinbase’s momentum towards developing Super App.
He explained how his company wanted to approach the buildout during the interview.
Coinbase aims to include services that people usually get from banks and fintech and deliver them to crypto metals. He pointed to a recent -only Coinbase credit card that pays 4% back to Bitcoin as an early example and disputed 2% -3% swing fees on why payments are needed.
The longer target, he said, is a comprehensive application that holds spending, savings, payments and investment, not just trading.
Armstrong clearly spelled the ambition: “We want to be a bank replacement for people, we want to be their main financial account,” added that Coinbase aims to “provide all types of financial services,” not just in crypto. He agreed with the framing that this amount would be a super app and said that crypto metals would be able to offer faster, cheaper negotiations.
Washington and Big Banks
According to Armstrong, the path to the Super App begins with lawmakers.
He pointed out the recent passage of the “Genius Act,” which established policies for Stablecoins, and a separate market structure under the Senate debate to determine how tokens such as Bitcoin and Ether were controlled.
“This train shipment has left the station,” said Armstrong, describing Bipartisan’s growing interest in putting clear policies in books. He argued that clarity could resolve years of conflict with regulators under the previous administration, which often treated crypto tokens as unregistered security.
However, despite the historical push by lawmakers to help set a regulatory framework, a final obstruction needs to be closed: the lobbying of large banks.
Some institutions, he explained, sought to tighten the rewards programs with Stablecoins, claiming they would weaken the traditional payment business. Armstrong removes those concerns, saying that crypto rewards are no different from plane miles or credit card points.
“American buyers want to make more money in their money – it should be fully permitted,” he said.
As he criticized the lobbying efforts to prevent the competition, Armstrong also emphasized that Coinbase partners with major banks such as JPMorgan and PNC to provide care and payment services, showing sector parts embraced the crypto metals.
Stay leading the rivals
While building a super app is a huge task that has earned momentum, it is still necessary to look for a Coinbase for rivals that can fight for market sharing.
However, Armstrong does not remember; Instead, he accepts the competition.
With new exchanges entering the US market, including platforms launched by Gemini and others, Armstrong said Coinbase’s benefits from its head start. He argued that a developed ecosystem was essential for the mainstream adoption, and Coinbase’s advantage came from trust.
According to Armstrong, Coinbase now stores more crypto than any other provider, encouraging customers to use a broader suite of services from trading to payments. He said the ambition was not only to facilitate transactions but eventually become a platform that people use as their “basic financial account.”
Armstrong’s “main account” pays statements from Robinhood CEO Vlad Tenev, who asked the All-in Summit 2025, “Can we be a comprehensive financial platform?” and structured banking and wealth features as steps toward that purpose, according to a Report By the Business Insider published on September 15. The comparison suggests many US finishes are angry to expand beyond trading in the sun -financial sun.
Bitcoin’s outlook
The interview was also touched in the broader market.
Armstrong avoids short -term predictions but says he sees “a good chance” that Bitcoin can reach $ 1 million by 2030.
He mentioned three main tailwinds: regulation clarity, the creation of a strategic US Bitcoin reserves, and heavy flow to the newly launched Bitcoin ETF, 80% which relies on Coinbase for caution.
He likened Bitcoin’s role to the portfolios to a golden and evenly, noticing that many investors today viewed it as the same fence against uncertainty and a long-term property of growth.
