1. Aiwaka AdventuresHome
  2. Blockchain Briefs

Evertas CSO Suggests Coinbase to Provide Banking Services to High Net Worth Individuals and Enterprises

• Blockchain Briefs • 87 views

It is reported that Ryan Lacey, CSO of Evertas, a cryptocurrency insurance company, asked Coinbase on Twitter whether it had considered providing new banking se

Evertas CSO Suggests Coinbase to Provide Banking Services to High Net Worth Individuals and Enterprises

It is reported that Ryan Lacey, CSO of Evertas, a cryptocurrency insurance company, asked Coinbase on Twitter whether it had considered providing new banking services to high-net-worth individuals and enterprises.

Coinbase CEO: is considering adding functions with “banking” business

Analysis based on this information:


Ryan Lacey, the CSO of Evertas, has raised an interesting question on Twitter to Coinbase, a cryptocurrency exchange platform. His question revolved around whether Coinbase had ever thought of providing new banking services to high net worth individuals and enterprises. The suggestive tone of Lacey’s message creates an impression that there might be a need for diversifying the company’s current offerings.

The use of cryptocurrency is expanding rapidly, and the demand for robust security measures for crypto holders is increasing. With most of the high net worth individuals and enterprises actively investing in digital currencies, they require secure custodial services to store their wealth. In this regard, Coinbase has made significant progress with its partnership with insurance companies like Lloyd’s of London, for providing a secure platform for its customers.

However, Lacey’s question raises the possibility of Coinbase potentially venturing into offering banking services as well. The message also acknowledges that this strategy could be a profitable venture for the company since high net worth individuals and enterprises would be willing to pay a premium for such services.

Another aspect to consider is that the cryptocurrency market is prone to rapid changes, and it operates without regulations in most parts of the world. Hence, the addition of banking services to Coinbase’s portfolio may be an effective way of providing a stable platform for investors to conduct secure transactions with greater ease.

In conclusion, Lacey’s message highlights an important topic to consider for Coinbase as they continue to grow and expand their offerings. The company has been opening up different revenue streams, such as staking and lending, and adding banking services could be another way to increase profits. The proposal also indicates that Coinbase is consistently exploring its potential to provide its customers with new services and options to manage their digital currencies better.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/13/evertas-cso-suggests-coinbase-to-provide-banking-services-to-high-net-worth-individuals-and-enterprises/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/13/2023 10:04
Next 03/13/2023 10:33

Recommended articles