Coinbase CEO outlines key upgrades needed for traditional finance

Brian Armstrong, CEO of the largest U.S. cryptocurrency exchange Coinbase, outlined on X several key areas where the traditional financial system still requires upgrades: - Real-world asset (RWA) tokenization - 24/7 global trading - Next-generation payment systems using stablecoins - AI-based risk, credit, compliance, and advisory services - Innovation-friendly regulation - Expanded accessibility - Low-cost capital formation available to everyone - Sound money, defined as currency that cannot be arbitrarily printed by governments or central banks and preserves its long-term value Armstrong emphasized that there is still a long way to go before all these elements function properly within the financial system, adding that achieving this will require a tremendous level of technological innovation and policy effort.