Share this article
Coinbase CEO Says Binance Settlement Will Turn the Page on Crypto's 'Bad Actors'
Armstrong said the recent enforcement action against bad actors such as Binance or former crypto exchange FTX could “close the chapter” on that part of crypto’s history.
Updated Mar 9, 2024, 1:57 a.m. Published Nov 28, 2023, 7:28 p.m.
Coinbase (COIN) CEO Brian Armstrong says the industry can finally close the chapter of bad actors after the recent settlement between Binance and the U.S. Department of Justice.
“There certainly have been a few bad actors in crypto and I think we’ve had a moment recently with the enforcement action against Binance that’s allowing us to turn the page on that and close that chapter of crypto’s history,” Armstrong said in an interview with CNBC International Monday at the Global Investment Summit in London.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
He also said that the criminal enforcement actions against Binance and the once-popular but now bankrupt crypto exchange FTX show that taking your business offshore doesn’t work. While Binance is a Hong Kong-based company, mostly focused on business in the Asia Pacific region, FTX was headquartered in the Bahamas.
“Sometimes it’s easy to get big fast by skirting the rules but you’ll always come crashing back down to reality,” he said, arguing that it’s time for U.S.-based companies that have complied with regulation from the beginning to grow.
Though different from Binance’s legal struggles in the U.S., Coinbase is still battling with U.S. regulators on allegations that the exchange operated an unregistered broker, exchange and clearing agency simultaneously. Armstrong said he feels good about the case's outcome and that it will help with regulatory clarity in the U.S.
The company remains focused on its commitment to its U.S. business despite its efforts to grow in other jurisdictions, including the U.K., which Armstrong said is Coinbase’s second biggest market. “We started the company in the U.S. and we’re committed to staying there and we’re going to grow there because it’s a big market.”
Armstrong also said the race to launch a spot-bitcoin ETF is “monumental” for the industry. “It’ll bring in new sources of capital into crypto that aren’t able to participate directly today and I think it’d be a legitimizing outcome for the industry,” he said.
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
Ano ang dapat malaman:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
