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Brian Armstrong, the CEO of Coinbase has become a billionaire
Brian Armstrong, the CEO of Coinbase has become a billionaire
Crypto

Brian Armstrong, the CEO of Coinbase has become a billionaire

By Adrian Zmudzinski - 14 Nov 2018

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In January, Forbes estimated the wealth of Brian Armstrong, the CEO and co-founder of Coinbase, at between $900 million and $1 billion.

This October, however, Coinbase obtained funding of $300 million and Armstrong’s share at that time was estimated at $1.3 billion.

The company has stated that it intends to use these funds to expand their influence, adding support to more fiat and cryptocurrencies.

Coinbase, since it was founded in 2012, has been so involved in the cryptocurrency industry to the point that it pays its employees in bitcoin. But despite this, the company continued to thrive regardless of market movements, consolidating itself as the largest cryptocurrency exchange in the United States.

According to Bloomberg, the exchange in question is expected to generate sales of $1.3 billion this year and, according to Forbes, the platform has over 20 million users.

Adrian Zmudzinski
Adrian Zmudzinski

Adrian is passionate about technology and Information Technology (IT). Adrian specialized in the analysis of tokens, the blockchain technology, and cryptocurrencies. His interest in Bitcoin dates back to 2009 and it rapidly transformed into a more general interest of the still arising cryptocurrency industry. His analyses are concerned mostly by the technological potential underlying the analyzed token.

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