In his interview with CNBC, Coinbase president Asiff Hirji provided some insight into what we should expect to happen in the future of the exchange company. Although he did not comment on the specifics, Hirji made remarks about the type of investors opening new accounts on Coinbase, other cryptocurrencies that will be added to the platform and whether the company will go public or not.
Talking about the influx of new users coming to Coinbase, he mentioned that the trade volume was up 30 times since last year and there are tens of thousands of new accounts every day. Regarding the type of accounts holders, he said:
“These are the same kind of people that you would imagine would have accounts at brokerages and want to invest in cryptocurrency…As the asset class has matured, I think there are a lot of people who are adding it just like any other asset class to their portfolio.”
The Coinbase president also talked about the addition of other cryptocurrencies to the exchange platform, so that users would be able to buy them directly using fiat. Bitcoin Cash is heavily rumoured to be the next cryptocurrency supported by Coinbase but Hirji did not confirm the rumours. However, he did indicate that companies have been given roadmaps for how to apply to join the exchange. He said:
“So we have published a digital asset framework which outlines the criteria we look at for any particular asset before we list it…You need to pass those exams before we would ever list the asset…suffice to say that we have a framework out there and we have a lot of people campaigning for new assets.”
Will the company go public?
When it came to the issue of taking the company public as an IPO, Hirji said:
“We would be quite expensive for any exchange to look at. That being said, it is certainly in the interest of our investors…and the most obvious path of Coinbase is to go public at some point, but there’s a lot for us to do between now and then, whenever that date is.”
Additionally, the president did not completely reject the possibility of Coinbase being sold to another exchange company or taking the company public in the future.