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Coinbase Becomes Wall Street’s Go-To for Crypto Custody

  • Coinbase secures 81% of the $140 billion in digital assets held by institutional funds, showcasing growing reliance on the platform.
  • Eight of the ten largest publicly traded companies holding Bitcoin use Coinbase Prime for secure trading and storage, highlighting Coinbase's importance in bridging crypto with Wall Street.
  • Coinbase is seeing increasing institutional trust as it tracks over 50 ETF applications this year, indicating traditional finance's acceptance of crypto investment vehicles.
  • Brokerage firm Bernstein raised Coinbase's price target to $510 due to its dominance in institutional flows, with Coinbase stock reaching a four-year high at $375.07.

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