According to forecast of Brian Armstrong, Coinbase cryptocurrency market's chief executive officer, a number of people within the cryptocurrency ecosystem will increase from 40 million to one billion people over the next five years.
According to TechCrunch's online edition interview, Armstrong said, that the cryptocurrency ecosystem and the virtual currencies' total number would grow significantly due to the commercial organizations, which would increasingly develop their own tokens. These tokens will run in parallel with stock alternatively to the investment system.
"I believe, that for any company, that possesses the capitalization table, it is useful to develop its own token. Open source projects, charitable institutions, various foundations or these new kinds of decentralized organizations and applications -all of them will get their own tokens".
Solution to the issue of regulation is one of the major factors for realization of the Armstrong's vision. "Big open question" he called it and suggested to wait for the probable classification of the tokens' majority as securities. Armstrong also added, that Coinbase was confident in tokens becoming the securities. Moreover, market plans to host hundreds of various tokens in upcoming years, and about millions of tokens are to be involved in the long run.
Recently Coinbase has bought companies of Keystone Capital Corp, Digital Wealth LLC and Venovate Marketplace Inc to convert them to regulated broker company, providing services for trading cryptocurrency securities, warranty support and OTC trading. Consequently, the stock exchange has had new opportunities to expand significantly its own range of financial products, that are not related to cryptocurrencies.
This week Coinbase also announced the launch of four new cryptocurrency pairs for the British pound sterling. From now on, British users of the exchange are able to buy and sell not only Bitcoin, but Bitcoin Cash, Litecoin, Ethereum and Ethereum Classic.