Facebook lifted its ban on cryptos, so it was just a matter of time before the first crypto-related company got the approval from the social network platform to place its Ad there.
Of course, we referring at the leading crypto exchange in the U.S., Coinbase. Describing the industry as an open financial system, Brian Armstrong, CEO at Coinbase announced this on his Twitter account.
Meanwhile, he also managed to appear in the Fortunes Magazine “40 under 40,” and he’s leading the crypto race for billionaires.
Facebook banned ads for crypto earlier this year. Proud to say we've now been whitelisted and are back introducing more people to an open financial system 👌 pic.twitter.com/JqF5ssAqqh
— Brian Armstrong (@brian_armstrong) July 20, 2018
Coinbase gets an advantage over its competition
By becoming the first crypto-related company that’s whitelisted by Facebook, Coinbase gains an exclusive power over the competition.
The exchange will gain access to over 2 million Facebook users, and while Facebook reviews other crypto companies, the market will all be its very own.
Coinbase has been making significant moves lately
The timing of this approval couldn’t be better considering the major moves that this exchange has been making.
The exchange has recently acquired a broker-dealer Keystone Capital to become a full securities trader.
Coinbase also announced that it plans to add more cryptos to their platform, and the potential ones include Cardano, Basic Attention Token, 0x, Stellar Lumens and Zcash.
Facebook’s ban lift of cryptos has been welcomed with open arms by the cryptosphere, and it has been received as an acknowledgment from Facebook of the industry’s legitimacy.
Brian Armstrong is leading the billionaire crypto way
Coinbase’s CEO had a single dream when he got into this business – to become the Google of Cryptos.
His dream is already achieved because, in a list of 10 under 40 which includes five crypto enthusiasts, Brian is listed as the richest of them all.
The five crypto lovers that are included in the list are the following: Vitalik Buterin, Vlad Tenev and Baiju Bhatt, Pavel Durov, and Armstrong himself.