Coinbase CEO Brian Armstrong Reveals Big Banks See Crypto as Existential Threat to Banking Industry

In a significant industry revelation, Coinbase CEO Brian Armstrong has stated that major financial institutions now perceive cryptocurrency as an "existential" threat to their traditional business models. Armstrong highlighted that this shift in perspective marks a pivotal moment for the crypto sector, indicating its growing influence and disruptive potential. The acknowledgment from established banks underscores the accelerating mainstream adoption of digital assets like Bitcoin (BTC) and Ethereum (ETH). This recognition of crypto's competitive pressure could drive further innovation and regulatory discussions within the global financial landscape, as institutions grapple with the decentralized future of finance.