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.