Today, the price of Bitcoin has reached an all -time high price level (ATH) driven by Coinbase’s listing on the Nasdaq. Bitcoin managed to hit $ 64,758 and Ethereum recorded a value of $ 2,397.
Coinbase CEO Brian Armstrong in an interview with CNBC has shared his concerns about the crypto industry. According to him, regulation is one of the biggest risks in the cryptocurrency business.
He added that concerns over the risks of crypto regulation are in line with cyber security. Furthermore Coinbase is now a public company. Therefore, everything that is done will be monitored and the public will also want to understand the implications.
To date Coinbase has been in operation for 10 years and the company has also been known by lawmakers and policymakers around the world. So the focus now is on how to build this crypto industry and company more wisely.
Coinbase is set to become the first major cryptocurrency company to be published in the U.S. having entered the market through live listing today. Nasdaq gave the company a reference price of $ 250 per share ahead of the direct listing, which would result in a $ 65.3 billion cryptocurrency exchange.
While Armstrong worries that cryptocurrency regulation could hamper the cryptocurrency industry but he welcomes if coinbase is subject to regulation. Thus crypto services are considered equivalent to traditional financial services.
