Coinbase CFO & CEO: Security Tokens Are the Future

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Coinbase Global CFO Alesia Haas and CEO Patrick Byrne participated in a panel discussion hosted by Fortune where they discussed STOs. | Source: Shutterstock; Edited by

By What do Coinbase Global CFO Alesia Haas and CEO Patrick Byrne have in common? Both believe that security tokens are the future, according to a panel discussion hosted by Fortune. Now that blockchain startup fundraising is in its second act, Byrne expects that security tokens will be the next “killer app.” Byrne’s was one of the first movers among merchants supporting bitcoin purchases, though crypto transactions never gained traction at the e-commerce company.

He’s also behind tZero, which is a regulated trading platform for security tokens. He says the company has poured between $150 million and $200 million of “shareholder money” to build a system that is SEC-friendly. Byrne is no stranger to run-ins with the securities watchdog, which is why he was sure to dot the i’s and cross the t’s.

“I knew that I had to be like Caesar’s wife, above reproach. I had to go right down the middle of the fairway up the front steps to the SEC. And that is how we’ve done it.”

Byrne also teased that we’ll see “some very interesting things” in the current quarter involving security tokens, which are regulated tokens, though he kept the details close to the vest. Coinbase agrees security tokens are the wave of the future, though a lot of work still must be done to bring them to the forefront.

Coinbase Mobile Price Alerts

Meanwhile, Coinbase, which incidentally is a member of Facebook’s Libra consortium, picked a bullish day in the crypto markets to launch real-time price alerts. With the bitcoin price currently trading above $9,500 at a new 2019 high, Coinbase unveiled “real-time price alerts for any cryptocurrency supported by” the exchange, which is a feature available on the mobile app.

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Coinbase launched mobile price alerts. | Source: Coinbase on Medium

Now that bitcoin appears to have the momentum to carry it to $10,000, those crypto price alerts might come in handy.


Last modified: March 4, 2021 2:36 PM
Gerelyn is Assistant Editor at CCN. Based in the U.S., she has also covered institutional investing on Wall Street but caught the bitcoin bug soon after. She resides 13 miles outside of New York, close enough but also far enough away to escape it all. Follow her on Twitter or email [email protected]
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