Coinbase taps Musk ally to board of directors
Sep 3, 2026 5:14 PM
Bitcoin is no longer the priority for Coinbase. Spot trading has officially become a minority of their revenue as they pivot toward an "Everything Exchange" model focused on derivatives and stablecoins. By appointing Elon Musk’s former CFO and DOGE advisor Anthony Armstrong to the board, Coinbase is prioritizing Wall Street-style efficiency over its original crypto mission. Is Coinbase abandoning its roots to become just another financial giant? What’s your take?
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