Coinbase Global, Inc. (NASDAQ:COIN) Q1 2023 Earnings Call Transcript

Brian Armstrong: Yes. Well, in the opening comments, I did talk about our mission around increasing economic freedom and how we think crypto is the most important technology out there to do that and how we really think it’s a technology to update the financial system. So that’s kind of what you’re referring to, I think, around financial enablement and empowerment. Look, I mean there’s a lot of people around the world today who don’t have good access to good financial infrastructure, right? And it can be really holding them back in many ways — payments are this thing that if you make it lower friction to both move money and settlement times and various asset classes can become more efficient if you tokenize them. This is just to speak, by the way, of the financial use cases, there’s a whole set of non-financial use cases for crypto.

That can kind of really grease the skids of the economy and unlock growth and potential in many different ways. It also increases people’s freedom just with basic property rights and things like that. And so it’s a really powerful idea now that anybody who has a cellphone and an Internet connection, which is the majority of humans on the planet, they can now get — start to get access to good, sound financial infrastructure. That’s a really powerful thing. It’s really good for the world. So those are my high-level thoughts. And yes, I’ll leave it there. .

Anil Gupta: Okay. Great. Well, thank you all for joining us today, and we look forward to speaking to you again — speaking to you again in our next call.

Operator: This concludes today’s call. You may now disconnect.