He runs the cryptocurrency exchange company that went public
at a valuation of about $100 billion. That turned Armstrong into an on the spot mega-billionaire: His roughly 40 million shares turned value about $16 billion.
Founded by Armstrong in 2012, Coinbase helps customers purchase, promote, and retailer cryptocurrencies, reminiscent of bitcoin and ethereum
. His firm has not too long ago grew in recognition following the rise in curiosity of cryptocurrencies — notably bitcoin, which has soared throughout the pandemic.
Coinbase says it has greater than 35 million prospects in over 100 nations, with greater than $25 billion in property on the platform and greater than $320 billion in whole quantity traded.
Yet Armstrong is not as high-profile the firm he controls. The 38-year-old was beforehand a software program engineer at Airbnb for a few yr starting in 2011. Prior to that, he was CEO and founder of UniversityTutor.com, a web-based tutoring listing for practically a decade. He’s acquired a grasp’s diploma in laptop science at Rice University.
Armstrong is lively on Twitter with about 550,000 followers. He rarely speaks publicly
— the truth is, it was Coinbase Chief Financial Officer Alesia Haas, not Armstrong, that spoke with NCS
about the firm’s public debut.
If Coinbase’s public debut goes as deliberate, Armstrong will enter inside the high 250 of the Bloomberg’s Billionaire Index.