Core Insights - Coinbase CEO Brian Armstrong is planning to launch a crypto super app that will provide credit card services, payments, and Bitcoin rewards, potentially challenging traditional banks [1][2] - The app aims to replace traditional banking services with a full suite of financial offerings, including a 4% Bitcoin rewards program [2][5] - Coinbase has made strategic acquisitions, such as the $2.9 billion purchase of Deribit, to support its goal of becoming a comprehensive financial service provider [3] Industry Context - The current banking system is viewed as outdated and inefficient, with high transaction fees, which presents an opportunity for crypto solutions [4] - Armstrong criticized traditional banks for charging 2-3% transaction fees, arguing that digital transactions should not incur such costs [5] - The pro-crypto environment in the U.S. under the Trump administration has positively influenced the cryptocurrency sector, benefiting companies like Coinbase [6] Financial Performance - Coinbase's Bitcoin and Ethereum reserves have reached $112 billion, the highest level recorded in the last four years [7]