Coinbase is rapidly becoming the backbone of crypto infrastructure for U.S. institutions, with new data showing it holds custody over the vast majority of crypto assets linked to American ETFs.
CEO Brian Armstrong revealed that the company now secures 81% of the $140 billion in digital assets held by these funds—a clear sign of growing institutional reliance on the platform.
Major corporate players also seem to favor Coinbase. Eight of the ten biggest publicly traded companies with Bitcoin on their balance sheets use Coinbase Prime, the firm’s institutional platform for secure trading and storage. This trust signals Coinbase’s transformation from a retail exchange into a critical bridge between crypto and Wall Street.
The momentum doesn’t stop there. Coinbase has tracked more than 50 ETF applications so far this year, underlining how quickly traditional finance is embracing crypto investment vehicles. That surge in filings is helping fuel bullish sentiment around the company.
Brokerage firm Bernstein recently raised its price target on Coinbase stock to $510, citing its dominance in institutional flows. The company’s stock has already climbed to a four-year high, hitting $375.07 as investor confidence grows.
Coinbase is also expanding into derivatives, preparing to launch perpetual futures products to match international markets. By steadily positioning itself as a full-service platform for institutions, Coinbase is cementing its role at the core of crypto’s integration into the broader financial system.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/coinbase-becomes-wall-streets-go-to-for-crypto-custody/