Broken Finance Pushes Users to Crypto, Says Coinbase CEO

Coinbase CEO Brian Armstrong says that broken finance is driving users to cryptocurrency, citing widespread dissatisfaction with the current system. According to him, around 80% of Americans feel that the financial system is not working for them due to issues like high fees, slow payments, and unequal access.

Armstrong framed crypto as a democratizing force that can provide greater financial access and inclusion. He noted that support for cryptocurrency now cuts across party lines, with Democrats focusing on access and inclusion, while Republicans are concerned about national security, dollar strength, and keeping financial innovation in the US.

Coinbase has been expanding its products through acquisitions, including the $2.9 billion purchase of Deribit in August 2025. The deal gave Coinbase a major position in crypto options and added to its futures and perpetuals business. Armstrong said that Coinbase will continue to look for acquisition opportunities, focusing on international targets that can accelerate growth.