Key Takeaways
- Coinbase now manages $420 billion in assets, making it a major financial entity.
- It holds 60% of U.S. crypto trading volume and custodies 9 of 12 Bitcoin ETFs.
- Coinbase has secured key regulatory approvals in the UK, Argentina, and Cyprus.
Coinbase is no longer just a crypto exchange—it is now a major financial player in the U.S. market.
CEO Brian Armstrong announced on Feb. 6 that Coinbase holds approximately $420 billion in customer assets, a figure that would make it the 21st-largest U.S. bank if it were a traditional financial institution.
If classified as a brokerage, Coinbase would rank as the eighth-largest by assets under management.
The company is also a growing force in payments, having facilitated a portion of the $30 trillion in stablecoin transactions processed last year.
Vision for the future
Armstrong emphasized that crypto is erasing financial barriers, enabling users to invest, spend, and borrow from a single platform.
He envisions a future where a unified financial system built on Bitcoin and blockchain technology improves efficiency and economic freedom.
Market leadership & government relations
Coinbase now commands 60% of U.S. crypto trading volume and serves as the custodian for nine out of 12 approved Bitcoin ETFs.
It has also strengthened ties with government agencies, with the U.S. Marshals Service selecting Coinbase Prime for custody and trading of seized digital assets.
International expansion & product development
Internationally, Coinbase has secured regulatory approvals in the UK, Argentina, and Cyprus, ensuring compliance with Europe’s MiCA regulations.
The company continues to expand its product offerings, recently launching cbBTC (wrapped Bitcoin) and Base (layer-2 blockchain network)—both rapidly growing in adoption.
