Coinbase CEO: is cooperating with the CFTC of the United States to launch the derivatives platform as soon as possible

On March 14, Brian Armstrong, CEO of Coinbase, said in the latest Bankless podcast interview that Coinbase’s pledge plan was not a security, so he would defend the pledge mechanism and defend its rights and interests in court. In addition, Brian Armstrong also revealed that Coinbase was considering selecting several derivatives. The exchange had been cooperating with the United States Commodity Futures Trading Commission (CFTC) to promote the online operation of its derivatives platform as soon as possible, which would also become a major event in the United States encryption market.

Interpretation of this information:

In a recent podcast interview with Bankless, Brian Armstrong, CEO of Coinbase, spoke about the company’s pledge plan and its stance on the potential classification of it as a security. Armstrong stated that Coinbase’s pledge plan was not a security and that the company would defend it in court if necessary. This statement comes after the Securities and Exchange Commission (SEC) issued guidance in 2019 indicating that certain types of cryptocurrency offerings, including ICOs and some token sales, could be classified as securities.

Armstrong also revealed that Coinbase was considering adding several derivatives to their offerings. The exchange has been working closely with the CFTC to promote the online operation of its derivatives platform as soon as possible. If successful, this could become a significant event in the United States’ crypto market.

Overall, the message from the interview indicates that Coinbase is taking a strong stance on the legality of its operations, particularly the pledge plan, and is willing to fight any challenges that may arise. Additionally, the company’s plans to add derivatives to its offerings could signal a significant move in the crypto market in the near future.