1/ Big announcement: we've been working with director Greg Kohs on a documentary about cryptocurrency and Coinbase over the last three years, and it will be coming out this Friday on Amazon Prime/iTunes/YouTube etc.

See the trailer here:
2/ We gave Greg and his team unprecedented access inside the company, showing the crazy ups and downs of building a tech startup all the way to us becoming a public company. He shows it all - the good, bad, and ugly.
3/ I agreed to do this documentary because I wanted to demystify what it takes to build a tech startup and encourage more people to start companies. I also wanted to demystify crypto.
4/ The world tends to either vilify founders or put them on a pedestal. Neither is true - they're just regular people trying to make something that people want. And everyone working in crypto believes it can create a more fair, free, and global financial system.
5/ As the saying goes, starting a company is like chewing glass and staring into the abyss. It takes incredible determination and a bit of luck. But if you succeed, you can change the world, and generate enormous value for millions of people.
6/ My belief is that technology is the best lever we have to solve the world's problems and improve the human condition, and I want to encourage more people to start tech companies. So I decided to pull back the curtain and show people what it's really like.
7/ I got in touch with Greg after seeing another film he created called AlphaGo, about DeepMind's program that defeated the Go champion, Lee Sedol. It was a powerful story, and it's what convinced me to trust him to tell our story.
8/ I hope you all go and see the film - and that policy makers see it as well. I believe it will help advance the cause of cryptocurrency, showing the motivations of the many hard working people driving this industry forward.

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More from @brian_armstrong

Oct 1
The psychology of resilience, a 🧵
In financial markets, there is a temptation to quit when others are fearful, and join when others are exuberant (bandwagon). But ironically, one should do the exact opposite of this to maximize upside.
You want to buy low, sell high, literally and figuratively. Look for winners before it is obvious to everyone. If the upside has already been priced in, you're too late.
Read 26 tweets
Sep 14
1/ Starting today, Coinbase will begin integrating our crypto policy efforts right into our app. These will help our 103M verified users get educated on the crypto positions held by political leaders where they live.
2/ For instance, U.S. users can see crypto sentiment scores from members of congress based on publicly available statements they've made, register to vote, and find out about local town hall events.
3/ Over time, we want to help pro-crypto candidates solicit donations from the crypto community (in crypto). We'll also expand to get more geographic coverage in global elections, and add data on various candidates running for office (not just current elected officials).
Read 6 tweets
Sep 8
1/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. blog.coinbase.com/defending-priv…
2/ We support the Treasury sanctioning bad actors and have worked closely with law enforcement to help bring many bad actors to justice. But the Treasury's actions in this case hurt many law-abiding citizens in addition to a few bad actors, and we believe exceeds their authority.
3/ The issue is that Treasury has the authority from Congress only to sanction a person or their property, not an entire technology as they've done in this case.
Read 9 tweets
Aug 3
In Mar 2020 I announced Coinbase was going "remote first". This is what it now looks like in the US where we now have employees in almost every state. (each red dot represents a region where we have at least one employee)

blog.coinbase.com/post-covid-19-…
And similarly, we've built an amazing team globally. Not just for international expansion, but building many of our key products as well.
Reminder: remote-first means you can come in to an office if you want (we keep office space in a number of locations), but you're not required to. We also try to get teams together in person periodically to maintain connection.
Read 4 tweets
Jul 21
1/ At Coinbase, we actively monitor for illegal activity and investigate any alleged misconduct. In April, we received information about possible frontrunning of assets shortly before being listed on Coinbase. We immediately launched an investigation into this.
2/ As a result of our investigation we identified 3 suspects and provided this information to law enforcement. One person was a Coinbase employee who we terminated. Today, the DOJ has criminally charged this former employee and the two other individuals for this abusive conduct.
3/ I want to thank our Legal, Security, Special Investigations, and Global Intelligence teams for their quick action and work on this. We appreciate the DOJ’s recognition of our help in holding these individuals accountable. justice.gov/usao-sdny/pr/t…
Read 4 tweets
Jul 15
A number of people have asked me how Coinbase wins in this environment, and turns it into an opportunity for growth.

Here's my answer:
1. Well capitalized.
In past downturns we pulled ahead and consolidated share, staying focused while others got distracted. Downturns make the best companies even stronger, and this one will be no exception for us.
2. Integrated product suite
There will be many winners in crypto, but Coinbase is one of the only places where you have one crypto account, and do every sort of crypto activity: trade, stake, pay, borrow, create etc.
Read 9 tweets

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