Coinbase CEO Admits SocialFi Feature in Company App 'Did Not Work Out'

2026/03/04 10:59 (Updated 2026/03/04 12:01)
CoinPost
Written by L.Kikutani
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Coinbase CEO Admits SocialFi Feature in Company App 'Did Not Work Out'

Shifting the App's Direction

Shifting the App's Direction

Brian Armstrong, CEO of leading US cryptocurrency exchange Coinbase, appeared on David Senra's podcast 'Founders' and stated that the SocialFi feature in their Base app 'did not function as expected.' Armstrong disclosed that after experimental attempts, the strategy is now undergoing a significant shift.

According to Armstrong...

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MAGAZINE

Iolite Vol.19

May 2026 issueReleased on 2026/03/30
Interview Iolite FACE vol.19 Yuichiro Tamaki, Leader of the Democratic Party for the People PHOTO & INTERVIEW by Hasen Kuniyama Special Features: “Web3.0 The Impact Award 2026” “Global Money Loses Its Master” “The Current State of Robotics Technology” [Dialogue Series] The NISHI Talk: Crypto Conversations “The Changing Crypto Landscape, and the Unchanging Strategies of Traders” Kasou NISHI × European] Series: Tech and Future by Toshinao Sasaki, and more