《Top 10 Key Figures in the Crypto World》⑥

Brian Armstrong

——The person who brought the crypto world into compliance and Wall Street.

If Binance represents speed and liquidity,

then Coinbase represents only one thing:

👉 Legally bringing money in.

And this is something only Brian Armstrong has achieved.

1. What Coinbase solves is not 'trading', but 'identity'

In the early days of crypto, the biggest obstacle was not technology,

but a question from traditional finance:

'Is this legal?'

From the very beginning, Coinbase chose the hardest path:

Strong KYC

Strong regulatory communication

Proactive compliance

📌 It sacrificed efficiency,

in exchange for a trust window with institutions and governments.

2. Why can't ETFs and institutional funds avoid Coinbase?

The reason is very practical:

Compliance custody

Audit transparency

Can connect with the traditional financial system

When Bitcoin ETFs truly materialize,

Coinbase became the 'interface layer' between on-chain and Wall Street.

📌 What you see is ETFs,

but behind it stands the infrastructure of Coinbase.

3. The role positioning of Brian Armstrong

He is not a star in the crypto world,

nor does he participate in emotional speculation.

His goal is very clear:

👉 To have crypto assets held like stocks.

This determines the pace of Coinbase:

Bull markets are not crazy

Bear markets do not disappear

Long-term betting on institutional dividends

4. Three realistic insights for traders

① Compliance is not a negative factor, it is a time cost

Institutional funds do not chase trends, only enter certainty.

② Bull markets look at sentiment, long-term look at systems

Real big funds come slowly but do not follow sentiment.

③ Price discovery does not only happen on exchanges

ETFs, custody, and declaration structures are equally important.

Conclusion｜What does the existence of Coinbase mean?

It means one thing:

👉 Crypto assets can no longer be ignored.

📌 A summary for Binance users

When the market begins to talk about 'compliance',

it often means the next phase of funds is on the way.$BTC $ETH #隐私叙事回归 #美联储FOMC会议