“If you think of us more like a brokerage, we’d be the 8th largest brokerage today by AUM,” wrote Armstrong.
Coinbase’s assets under management (AUM) make the cryptocurrency exchange worth more than the 21st largest bank in the United States, showcasing the continued growth of the crypto industry.
Coinbase , the world’s third-largest centralized cryptocurrency exchange (CEX) by trading volume, is holding over $420 billion worth of digital assets on behalf of its users.
The $420 billion AUM would make Coinbase the 21st largest bank in the US, according to Brian Armstrong, the co-founder and chief executive officer of Coinbase.
Read more,Visual Description:
The artwork consists of two dominant visual elements to symbolize the juxtaposition and scale between Coinbase and traditional banking. On the left half of the image, we see a detailed, futuristic skyline composed of gleaming, digital towers, each tower crafted from shimmering codes and cryptocurrency symbols like Bitcoin and Ethereum logos glowing subtly. This skyline represents the vibrant and technologically-driven landscape of Coinbase.
On the right half, contrasting with the futuristic city, is a traditional 20th-century cityscape dominated by old-fashioned bank buildings made of gray, solid stone and steel, appearing almost dull in comparison. These represent the traditional banking sector. The tallest building has the number ’21’ emblazoned on its facade, highlighting Coinbase’s position relative to these traditional banks.
In the center, where the two cityscapes meet, there is a massive, transparent digital display showing the number “$420 billion”. This display bridges the two worlds, emphasizing the significant AUM managed by Coinbase. Soft beams of light emit from this display, casting a glow on both cityscapes, symbolizing the influence and potential of digital assets.
The image’s background is a twilight sky, symbolizing transition and the dawning of a new era in finance. The soft gradient from night to blue dawn suggests a hopeful future led by innovation.
The entire scene is captured from a high vantage point, giving the viewer a sense of the overarching impact of these financial structures on the global landscape.
Color scheme chosen is a mix of neon cybers and muted grays and blues to enhance the contrast between the futuristic and the traditional, highlighting the forward-looking momentum of the crypto industry.
Text and Format Tags: digital transformation, cryptocurrency, traditional banking, cityscape, Coinbase, innovation, future of finance
