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25.11 - 13:01
Coinbase CEO says NFTs could be 'big or bigger' than crypto trading
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business-standard.comCoinbase Global Co-Founder Brian Armstrong says the market for non-fungible tokens (NFTs) could rival or even be larger than the company’s cryptocurrency business. That was a bold statement from Coinbase’s chief executive officer, made on a conference call on Tuesday after the largest US digital-asset exchange reported third-quarter revenue of around $1.3 billion. The declaration helped to ease concern that revenue was below forecast even after a more than fivefold increase from a year earlier.
Coinbase plans to open its own NFT marketplace, where people will be able to trade digital art and other items, in the next quarter or two. The company wants to offer a one-stop experience for users where they can make purchases and store their
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