'What features would you like to see?' Coinbase CEO brian_armstrong ponders neobank features after major US bank closures.
-- after the SVB hell over the weekend, why don't you set up Coinbase as some kind of HNW + business neobank, with the "pass through assets to community banks and treasuries" as a first-class option in parallel with crypto.Armstrong replied saying that Coinbase would need to add a number of features and opened the door for comments in the thread:
“Definitely something we've thought about. Need a few more features like outbound wires, multi-user support etc. Non-fractional reserve"banking" is definitely looking more attractive right now.”that it had around $240 million held at Signature Bank on March 10, but expects to recover all of its corporate cash holdings.
The closure of SVB and Signature Bank caused fears of widespread runs on regional banks across the United States over the weekend. A Bloomberg
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
Read more »
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Read more »
Silicon Valley Bank CEO Sold $3.5M of Stock Two Weeks Before CollapseThe CEO of Silicon Valley Bank (SVB) sold $3.57 million of company stock just two weeks before the technology sector’s primary financial institution collapsed on Friday, according to federal filings.
Read more »
Tech CEO with $10M in Silicon Valley Bank has 'no idea what's going on'Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Silicon Valley Bank collapse: CEO cashed out millions while employees got bonusesSilicon Valley Bank CEO Greg Becker cashed out stock options in the weeks leading up to Friday's collapse, netting him a $2.27 million profit, public filings reveal.
Read more »
CEO of Startup Accelerator 'Y Combinator:' Silicon Valley Bank Failure Is an 'Extinction-Level Event'Garry Tan, the president and CEO of Y Combinator, recently stated that the collapse of Silicon Valley Bank is an 'extinction-level event' for tech startups. Y Combinator has helped launch more than 4,000 tech companies including Airbnb, DoorDash, and Stripe.
Read more »