Bitwise CIO: Coinbase could become a $1 trillion company
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Odaily reported that Bitwise Chief Investment Officer Matt Hougan tweeted that Coinbase could become a $1 trillion company. The regulatory restrictions of the previous government have actually built 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 period for expansion, and if the cryptocurrency market continues to grow, it has the potential to become one of the world's largest financial institutions. CEO Brian Armstrong previously stated that Coinbase holds $0.42 trillion in client assets, equivalent to the 21st largest bank or 8th largest brokerage firm in the US.
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