BiyaPay Analyst: Coinbase Aims to Replace the US Stock Market, Enabling Startups to Experience a "Funding on-chain" Lifecycle

BlockBeats News, October 28th, the cryptocurrency exchange giant Coinbase is reshaping the rules of the capital market. CEO Brian Armstrong recently revealed on a podcast that the company is building an "end-to-end on-chain fundraising ecosystem" through blockchain technology, where founders can directly register a company on-chain, issue equity tokens, complete seed round financing, and instantly receive USDC stablecoin funding. With the help of its acquired platform Echo, Coinbase plans to streamline the fundraising process, allowing entrepreneurs to connect directly with global investors, bypassing the need for banks and lawyers.

JPMorgan Chase is optimistic about this development, believing that Coinbase's Layer-2 network Base will become its growth engine, leading to an upgrade of the company's rating to "Hold." Analysts point out that if Base were to issue tokens in the future, Coinbase could potentially gain up to a $12 billion share of the total value. On the regulatory front, Coinbase is pushing for the compliance of on-chain fundraising in the United States, aiming to enable retail investors to participate in early-stage investment opportunities.

BiyaPay analysts stated that the trend of blockchain-based fundraising signifies a redefinition of the global efficiency of fund flows and equity issuance. BiyaPay has already pioneered support for zero-fee digital currency spot and contract trading, and has opened up USDT for participation in US stocks, Hong Kong stocks, and futures investments, providing users with a low-cost entry into the global capital market.