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Coinbase May Offer Crypto-Enabled Banking Services, Says Ripple Board Member

Despite facing enforcement action from the US Securities and Exchange Commission, Coinbase, the second-largest crypto exchange, is still moving forward and may offer crypto-enabled banking services. According to a board member of Ripple and an angel investor at PartyDAO, Asheesh Birla, Coinbase aims to build a financial system that is accessible, efficient, transparent, powered by crypto, and fair to all users. Birla noted that Coinbase now benefits from banking-like revenues not entirely dependent on the crypto market. The recent banking crisis has reduced people's trust in the traditional financial system, and Birla wonders if the time has come for consumers and institutions to turn to alternative services.

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