CandleFocus Coinbase Quietly Becomes a Banking Giant—Now Bigger Than Most US Banks
2025-02-08
Author: Content Editor
Coinbase, the largest publicly traded cryptocurrency exchange in the US, has become a major player in the financial industry, surpassing many traditional banks in customer assets. CEO Brian Armstrong announced that Coinbase holds approximately $420 billion in assets, making it the 21st largest bank in the US and the 8th largest brokerage by assets. Armstrong believes that cryptocurrency is reshaping the financial landscape, blurring the lines between banking, investing, and payments. He envisions a future where a single crypto-powered account can handle all financial needs, leading to more efficient transactions and economic freedom. Coinbase aims to position itself as a leader in the evolving financial industry, competing with banks, brokerages, and payment firms.
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