Coinbase CEO Brian Armstrong stated that self managed wallets are the only way to reach over 1 billion users in an open financial system. Brian Armstrong pointed out that alternative solutions such as Coinbase App work well in developed countries with clearer rules, but the United States only accounts for 4% of the global population. Brian Armstrong stated that self hosting can reduce account opening and registration friction, be available globally, and expand through software. Brian Armstrong pointed out that AI agents using self hosted forms are more suitable for accessing funds and completing tasks. Jesse Pollak has stepped down as the head of Base and will be taken over by Jordan Fish. Jesse Pollak stated that Base will be built as a global financial blockchain, and after Jordan Fish takes over, Base will shift towards three core directions: transactions, payments, and proxies.
