Armstrong Approaches Banking Problems with a Solution Focus

Brian Armstrong, CEO of Coinbase, one of the world’s leading crypto exchanges, targeted global banking problems. Especially after the closure of Silicon Valley Bank and Signature Bank, many ideas have been put forward to improve the industry. Confirming that it has approximately 240 million dollars in Signature Bank, which declared its bankruptcy, Coinbase continues to approach the problems experienced in the sector with a solution-oriented approach.

Armstrong touched upon the current events on the social media platform on March 13, saying, “We are evaluating the efforts to address the failure of the global banking sector.” Especially, Coinbase, which has a fund of 240 million dollars in Signature Bank, seems to have intensified its banking activities.

Expressing his thoughts on eliminating the problems experienced, Armstrong said, “We need plans to improve remittance services and multi-user support.” Targeting Silicon Valley Bank, Armstrong stated his suggestions on the subject and emphasized that solution-oriented activities will continue.