Once 'Nearly Impossible,' Now Reality: Brian Armstrong Cheers Citi Partnership, Says Coinbase 'Has Come a Long Way'

Coinbase Global Inc.(NASDAQ:COIN) CEO Brian Armstrong said on Saturday that the cryptocurrency giant "has come a long way" since its launch and is now facilitating institutional stablecoin payments. Armstrong Hails Citi Partnership Armstrong celebrated Citigroup Inc.'s (NYSE: C) partnershipwith Coinbase to enable stablecoin payments for large institutional clients. "We've come a long way from 2012. Thank you, Citi," Armstrong said. The cryptocurrency tsar recalled that securing bank partnerships back then was "nearly impossible," but major players like Citi are now finally using Coinbase's services to bring stablecoins to institutions. When I started Coinbase, getting a bank to work with us at all was nearly impossible.