CSO of Evertas suggests new banking services for Coinbase’s high-net-worth clients

It is reported that Ryan Lacey, CSO of Evertas, a cryptocurrency insurance company, asked Coinbase on Twitter whether it had considered providing new banking se

CSO of Evertas suggests new banking services for Coinbases high-net-worth clients

It is reported that Ryan Lacey, CSO of Evertas, a cryptocurrency insurance company, asked Coinbase on Twitter whether it had considered providing new banking services to high-net-worth individuals and enterprises.

Coinbase CEO: is considering adding functions with “banking” business

Analysis based on this information:


The CSO of Evertas, Ryan Lacey, has suggested in a recent tweet to Coinbase that the platform considers offering new banking services to high-net-worth individuals and enterprises. Evertas, itself being a cryptocurrency insurance company, could benefit by having a banking partner that caters to its clients’ needs. The suggestion by Lacey is timely and relevant, given the current landscape in fintech and digital assets.

Coinbase is one of the largest and most well-known cryptocurrency exchanges in the world, having traded more than $320 billion in digital assets since its launch in 2012. However, the platform primarily caters to retail clients and small to medium-sized businesses. Coinbase has yet to launch services that specifically address the needs of high-net-worth individuals or enterprises.

According to a report by Capgemini, high-net-worth individuals’ wealth in the Asia-Pacific region has grown at a faster rate of 8.5% than the global average of 5.3%. This trend is expected to continue in the coming years, and it is critical to cater to these clients’ unique needs.

Providing banking services to high-net-worth clients could be a game-changer for Coinbase. These clients require access to a wide range of financial services, including loans, credit lines, and investment opportunities. Such services would increase Coinbase’s revenue streams and offer a more holistic approach to their clients’ needs.

Moreover, offering customized banking services would be an excellent opportunity to build customer loyalty and brand recognition. By catering to the needs of high-net-worth clients, Coinbase would have an edge over its competitors, creating more footholds in the competitive digital currency market.

In conclusion, Ryan Lacey’s suggestion of providing new banking services to high-net-worth individuals and enterprises by Coinbase is a timely recommendation. It could be an excellent opportunity for Coinbase to expand its services and cater to clients’ unique needs. Furthermore, it could be the springboard that separates Coinbase from its competitors in the digital currency space.

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