Coinbase: The Institutional Adoption of Cryptocurrency Gained Momentum

Coinbase Co-CEO Brett Tejpaul Evaluates the Crypto World at Davos

Coinbase Institutional Co-CEO Brett Tejpaul made statements at Davos, evaluating the developments recorded in the crypto world and the increase in institutional adoption.

Significant Integration Agreements

Tejpaul emphasized that Coinbase has made important integration agreements, stating that they have completed infrastructure integration with PNC Bank. Additionally, he noted their collaboration with JPMorgan and that the full integration process with Standard Chartered has been completed, expressing that they aim to provide a service set covering "trading, custody, and storage" services.

Key Breaking Points in the Rise of Crypto

Tejpaul highlighted the importance of the approval of the US stablecoin proposal, stating that Republicans and Democrats have achieved an extraordinary collaboration on the historic crypto law 'Genius Act'. He noted that the institutional adoption of crypto has gained extraordinary momentum, saying, "We believe that after the US integrates crypto into its financial system, new laws will also come. These are significant breaking points that we believe are crucial for the continuation of digital adoption."