Together with Wall Street! Coinbase (COIN.US) CEO reveals that he is currently collaborating with several major US banks to promote the pilot of cryptocurrencies.

Coinbase Global (COIN.US) CEO Brian Armstrong said on Wednesday that its cryptocurrency exchange is working with several major US banks to advance pilot projects focusing on stablecoins, custody services, and trading businesses. "Top banks see this as an important opportunity and are actively positioning themselves," Armstrong said at The New York Times Company Class A Dealbook summit, but did not disclose the specific names of the banks involved. He added that as Wall Street's acceptance of the digital asset ecosystem continues to grow, "resistors will eventually be left behind by the times." BlackRock, Inc. (BLK.US) CEO Larry Fink, who previously held a skeptical view of cryptocurrencies, attended the event with Armstrong. Fink noted, "People hold bitcoin out of concerns for personal security and also out of concerns for financial securityit has become a form of a safe-haven asset." Currently, BlackRock, Inc. manages the largest globally traded spot bitcoin ETFBitcoin ETF-iShares (IBIT.US). Boosted by the recent continuous rebound in cryptocurrency prices, Coinbase's stock price rose over 5% on Wednesday.