'What features would you like to see?' Coinbase CEO brian_armstrong ponders neobank features after major US bank closures.
-- after the SVB hell over the weekend, why don't you set up Coinbase as some kind of HNW + business neobank, with the "pass through assets to community banks and treasuries" as a first-class option in parallel with crypto.Armstrong replied saying that Coinbase would need to add a number of features and opened the door for comments in the thread:
“Definitely something we've thought about. Need a few more features like outbound wires, multi-user support etc. Non-fractional reserve"banking" is definitely looking more attractive right now.”that it had around $240 million held at Signature Bank on March 10, but expects to recover all of its corporate cash holdings.
The closure of SVB and Signature Bank caused fears of widespread runs on regional banks across the United States over the weekend. A Bloomberg
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