Brian Armstrong
Co-Founder, Chairman & CEO

Good afternoon, everyone. Thank you for joining our second Coinbase System Update. At Coinbase, we believe capitalism is a force for good in the world, and it rewards everyone, especially those who lean in and help build the future. It also creates an extraordinary sense of alignment when everyone has skin in the game. And there's a lot happening in the world today. The largest IPOs in history are coming to market. AI continues to drive unprecedented productivity gains and ongoing geopolitical conflicts are contributing to market volatility.

Coinbase is here to help. We're here to help you take control of this dynamic world and own a piece of the upside. Our mission at Coinbase is to increase economic freedom in the world, and we're here to empower everyone to take control of their financial future. We believe crypto is the most important technology updating the financial system today, and this enables us to create better financial services for everyone.

And it's crazy how far we've come. 14 years ago, we were a place to buy Bitcoin. Now we can power your entire financial life. You can trade everything from stocks to commodities to crypto and prediction markets. You can manage your finances with a best-in-class credit card, get a mortgage and use direct deposit. You can build your wealth and send money instantly anywhere in the world. This is the future of financial services in one unified app.

So today, we're going to share