On May 16, Coinbase CEO Brian Armstrong conducted a live broadcast from the company's office in New York. In the course of answering the questions, the head of the largest US company first touched upon the topic of numerous altcoins and methods for identifying quality projects.
The main part of the conversation concerned the discussion of margin trading that this is the most requested function for which there is a clear market demand, as he noted. However, introducing margin trading to the Coinbase platform requires solving some regulatory some issues:
" This is one of those products where it is necessary to introduce innovations not only in technology, but also in the sphere of regulation."
In conclusion, Brian Armstrong confirmed that the Coinbase debit card previously introduced only for UK residents will soon be available for US residents.
Earlier, Armstrong spoke at Consensus 2019, he noted:
" The most important thing to understand about the cryptoeconomy is that we’re not simply righting the wrongs of finance 1.0."
It was reported earlier that Coinbase announced launch of its Visa debit card for the UK users, so they would become able to pay services and products using cryptos via this card. The announcement was made in early April. Along with this expansion, Coinbase has recently taken measures to widen the list of the countries where the platform supports USDC trading.