Brian Armstrong was born in 1983 in San Jose, California. Armstrong was interested in technology at school and learned Java and CSS at an early age. He got his first job at school: he created websites for local businesses. In 2001, Armstrong joined Ryerson University in Houston and studied economics and computer science. At the end of the day, he received 2 degrees: in economics and computer science.
During his studies at Rice University, Armstrong spent 4 months with IBM. After graduating from university, Armstrong worked as a consultant for enterprise risk management at Deloitte.
In 2003, Armstrong and John Nelson founded UniversityTutor.com, which allowed users to search for a suitable tutor based on various parameters: education, location, and topics. The site continues to exist, while Armstrong was CEO until 2012.
In 2011, Armstrong began working as a programmer at Airbnb, but remained in office for a full year. In 2012, he opened the Coinbase cryptocurrency exchange.
Career in the crypto industry
In 2010, Armstrong became acquainted with the cryptocurrency and especially Bitcoin. In 2012 Armstrong creates together with Fred Ersham Coinbase. The idea of Coinbase was to create a platform for the purchase of Bitcoin. At that time, the use of Bitcoin in everyday life and in the trade was simply absurd.
In October 2012, Coinbase began selling Bitcoin via credit cards. Perhaps Coinbase's success is due to the fact that a large number of investors once believed in it, including Union Square Ventures, Ribbit Capital, Andreessen Horowitz, Draper Fisher Jurvetson, and the New York Stock Exchange.
- Coinbase serves more than 10 million users worldwide.
- Armstrong is on the 40- to 40-year Fortune list (Vitaly Buterin and Pavel Durov in the same spot).
- He was on the 2017 Recode 100 list, with no single person in the crypto industry other than Armstrong.