Coinbase's Everything Exchange Challenges Wall Street Monopoly

Crypto exchange Coinbase is pushing for greater accessibility in global markets with its 'Everything Exchange' platform. According to CEO Brian Armstrong, traditional financial systems have become closed clubs that only allow a select few to profit from growth.

The S&P 500 has surged 75% over the past five years, but billions of people worldwide are being left behind due to geographical barriers and complex compliance requirements. Armstrong believes tokenization is key to breaking this monopoly.

Coinbase's 'Everything Exchange' allows users to buy fractional stakes in US companies like Apple or Nvidia using a smartphone with internet access. The exchange has removed Wall Street intermediaries, enabling anyone to invest in real-world assets.