Overview

• In a Fox Business interview, Brian Armstrong said Coinbase intends to be users’ primary financial account by bundling payments, lending, a card and yield features.
• The company is developing a card targeting up to 4% back in Bitcoin and is testing a Morpho integration to let users earn yield on USDC inside the app.
• Armstrong highlighted momentum in Washington, citing the Crypto Clarity Act, the GENIUS Act and broader market‑structure proposals as the path to regulatory certainty.
• He criticized 2–3% card fees charged by banks while acknowledging pushback from bank‑aligned groups over stablecoin rewards and on‑platform yield, even as Coinbase keeps partnerships with JPMorgan and PNC.
• Context for the push includes a reported $2.9 billion Deribit acquisition finalized in August and media reports that Coinbase’s Bitcoin and Ethereum reserves have climbed to about $112 billion.