Bitwise CIO: Coinbase could become a $1 trillion company

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan tweeted that Coinbase could become a $1 trillion company. Previous regulatory restrictions from the government have actually created a moat for Coinbase, allowing it to maintain high profits and expand into new businesses. Now that the regulatory environment has eased, Coinbase is in the best position for expansion, and if the crypto market continues to grow, it is expected to rank among the largest financial institutions in the world.

CEO Brian Armstrong previously stated that Coinbase holds $0.42 trillion in customer assets, equivalent to the 21st largest bank or the 8th largest brokerage in the United States.